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Armenia pins hope to May for Customs Union entrance

03 April 2014 [15:33] - TODAY.AZ
Armenia is completing the preparatory work on accession to the Customs Union in April so to sign documents on accession to this organization in May, Armenian Foreign Minister Edward Nalbandian said speaking before the Moscow State Institute of International Relations students, RIA Novosti reported on April 2.

"We count on completing the preparatory work on accession to the Customs Union in April. I hope, we will be able to sign documents on accession to the Customs Union and the Common Economic Space in May," the country's foreign minister said.

The Eurasian customs union is a form of trade and economic integration of the Republic of Belarus, Kazakhstan and the Russian Federation which ensures a single customs territory.

Customs duties and restrictions of economic nature are not used in the mutual trade of goods with the exception of special protective, antidumping and countervailing measures within this territory. The member countries of the customs union apply a unified customs tariff and other common measures to regulate trade in goods with third countries.

The Customs Union of the three countries began operating in January 2012. Kyrgyzstan, Moldova, Syria, Vietnam, New Zealand have expressed a desire to join the Customs Union.

Following the talks with Russian President Vladimir Putin in Moscow in early September, Armenian President Serzh Sargsyan stated that he "reaffirmed Armenia's desire to join the Customs Union and to be involved in formation process of the Eurasian Economic Community".

The road map on Armenia's accession to the Customs Union was signed on Dec.24, 2013 in Moscow at a meeting of the Eurasian integration union.


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