Connect with us

EurAsian Region

Armenian Loss, Azerbaijan Win at Eurasian Economic Union



The withdrawal of Armenia from the Eurasian Economic Union (EAEU) will result in Azerbaijan joining it. This was stated by the Armenian economist Tatul Manaseryan at the parliamentary hearings organized by the Elk faction (“Exit”) on the issue of Armenia’s withdrawal from the Eurasian Economic Union (EAEC).

“The Russian Foreign Minister last week in Baku unequivocally stated that Moscow would be happy to see Azerbaijan in the Eurasian Economic Union. You can not doubt – as soon as Armenia leaves this structure, Azerbaijan will join it. But think, do we really need this? I believe that it’s time to soberly assess the existing realities and analyze the situation properly, Manaseryan said.

Armenia – Azerbaijan Need to Compromise: UN Secretary General

According to the expert, the opposition does not stand up to the criticism and approval of the economic recession, the reason for which, allegedly, was joining the Eurasian Economic Union.

“Every time we talk about the reduction of external investments after joining the Eurasian Economic Union, but we forget that it is necessary, first of all, to stimulate domestic investment. Undoubtedly, external financial injections are very important for the Armenian economy, but for this, it is necessary to create the appropriate investment climate and to interest our own investors, “the expert said.

As for the market for Armenian products, according to him, there were periods when more than half of Armenian exports fell to the share of the European Union. “People have almost fallen into euphoria, they say, exports to Europe are growing. I still warned about the danger of excessive dependence on just one market. We then needed to diversify. That is the reason why the Eurasian Economic Union is vital.

Armenia EU Agreement: Armenia Celebrates Joining Europe

It should be noted that about 92% of Armenian exports to Russia fall on industrial products – textiles, foodstuffs, spirits, etc. And the growth of exports to Russia last year was 64.2% (from $ 226 to $ 371 million). In contrast to the Russian Federation, commodity turnover between Armenia and the EU is dominated by raw materials, mainly copper-molybdenum ore.




F-15EX-india F-15EX-india
Americas2 hours ago

Not The F-16s or F-35s, This Is The World’s Deadliest Fighter Jet With 100 Kills, Without A Single Loss

Over the years, the United States has developed a strategic military partnership with Israel by equipping them with the world’s...

putin-russia putin-russia
EurAsian Region4 hours ago

Russian Sukhoi Su-34 Jet Displays ‘Path-Breaking’ Capabilities; Makes Its First Flight Into The Stratosphere

Russian fighter-bomber aircraft Su-34 carried out a night-time combat exercise reaching to the heights of 15 kilometers at lower stratospheric...

Putin-Macron Putin-Macron
Europe6 hours ago

French President Emmanuel Macron Blames Azerbaijan For Starting Conflict With Armenia

French President Emmanuel Macron on Wednesday voiced solidarity with Armenia amid its conflict with Azerbaijan over disputed Upper Karabakh region....

Israel-Turkey Israel-Turkey
Europe9 hours ago

Greece Turning Into Another Israel: The Way US Backed Israel, EU Is Supporting Greece – Turkish Experts

With growing military confrontations in the Eastern Mediterranean between Greece and Turkey, several European Union (EU) nations have got itself...

Indian-Flag Indian-Flag
Featured9 hours ago

200,000 Muslim Children Disappeared From Uttarakhand Overnight: Another Smear Campaign Or Truth?

A news is getting viral on WhatsApp and Social media in India which EurAsian Times has access to. The news...

Asia Pacific10 hours ago

How India, China Conflict In Ladakh Is Becoming A ‘Test Platform’ For Drone Technology?

In a bid to compete with one another, India and China have been deploying their heavy weaponry and latest armaments...

India-Pakistan ties India-Pakistan ties
Featured11 hours ago

Pakistan Slams India For “Illegally” Freezing Amnesty’s Bank Accounts

Pakistan’s foreign minister – Shah Mahmood Qureshi on Wednesday lamented India “illegally” freezing Amnesty International’s bank accounts and called on...

Featured13 hours ago

Russia, China or The US: Which Country’s Air Force Operates The World’s Fastest Fighter Jets?

Ahead of the dawn of sixth-generation fighter jets including Britain’s “Tempest”, US’ secret fighter under NGAD program, and proposed Russian...

Trillion-Dollar-Infra Trillion-Dollar-Infra
Americas16 hours ago

“Shut-Up Man!”: Donald Trump Has A Face-Off With Joe Biden At US Presidential Debate

US President Donald Trump and Democratic nominee Joe Biden clashed Tuesday evening during a political showdown that repeatedly broke down...

rafale-jets rafale-jets
Featured17 hours ago

After The Rafale Fiasco, How Will Indian Armed Forces Benefit From The Removal Of Offset Clause?

The Rafale fighter jets were back in the media limelight when the Comptroller and Auditor General of India (CAG) reprimanded...