ARMENIA TO FULLY EMBRACE EURASIAN ECONOMIC UNION’S EMERGING MARKET OF SERVICES
Belarus News (BelTA)
April 16 2015
16 April 2015 17:17 | Economy
MOSCOW, 16 April (BelTA) – Armenia intends to join all the 43 sectors
of the common services market, which is emerging in the Eurasian
Economic Union, the press service of the Eurasian Economic Commission
told BelTA.
A draft executive order of the Council of the Eurasian Economic
Commission in favor of amending the list of sectors and subsectors
of services covered by the common services market of the Eurasian
Economic Union was approved at a session of the Board of the Eurasian
Economic Commission. The amendments have been made in view of Armenia’s
accession to the Eurasian Economic Union Treaty. In accordance with
the agreement dated by 10 October 2014 Armenia will fully join the
list of sectors of services covered by the common services market of
the Eurasian Economic Union.
The list of the common market of services for Armenia covers 43 sectors
of services. The formation of the common market has been in progress
in 23 of them since 1 January 2015 for all the Eurasian Economic
Union member states. A common market for 20 sectors (civil engineering
services, engineering services, cargo processing, warehousing services)
is being formed for Armenia, Belarus, and Russia.
The amendments will contribute to the possible reduction of the
cost of services for individuals, including in Armenia, taking into
account the growing competition between economic entities of the
Eurasian Economic Union member states on the common Eurasian market
of services. Conditions for the unhindered provision of services
will be enabled as part of the operation of the common market of
services in the Eurasian Economic Union member states. As a result,
business in the sphere of services will be diversified and new kinds
of business in the member states will be created.
Commenting on the executive order, Timur Suleimenov, Member of the
Board (Minister) for Economy and Financial Policy of the Eurasian
Economic Commission, said: “As far as Armenia is concerned, we have
received very positive decisions on the country’s accession to all the
43 sectors. In other words, Armenian colleagues are ready to undertake
obligations and respectively get the same degree of rights without
exemptions and transitory periods. It has to be stipulated by decisions
of the presidents. If the presidents discuss and confirm Armenia’s
initiative on 8 May, the common market will become operational once
the executive order comes into force.”