Armenia Quits CIS Economic Court

Armenia Quits CIS Economic Court

PanARMENIAN.Net
22.12.2006 16:06 GMT+04:00

/PanARMENIAN.Net/ The RA parliament has approved President Robert
Kocharian’s proposal on advisability of suspending agreement "On the
Status of the CIS Economic Court" as regards Armenia. According Justice
Minister Davit Harutyunian the examination of the role of CIS EC shows
that the structure does not play significant role in the economic
life of the CIS member states and resolution of economic disputes.

"Economic disputes were not considered during the existence of the
Economic Court. The principal issues referred not to violations of
economic obligations of the states but to agreements concluded in the
CIS framework and interpretation of signed international agreements,"
he said.

Besides, the Minister said, only 8 CIS member states joined the treaty
and the passivity of t he Court was conditioned by its regulations,
according to which the Court doesn’t possess outlined authority and
its decisions are of recommendation and declarative nature.

At the same time the Minister informed that Armenia possessing
the right to appoint two judges is not represented in the CIS EC
now. The last Armenian judge was released from his duties by the RA
President’s decree.

Armenia maintains extra responsibilities, including financial ones,
without being represented in the Court," the Minister said adding
that suspension process was launched by other member states as well.

When commenting on the decision RA parliament Tigran Torosian
remarked that the republic doesn’t wish ‘CIS dismantling’ and has
always exerted efforts for the CIS formation, reports newarmenia.ru.