Saturday, January 16, 2021

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.

Featured

Greek Parliament Approves Rafale Fighter Jet Deal From France

The much-speculated deal between France and Greece for Rafale fighter jets is expected to be signed soon. The Greek lawmakers have given a nod...

Why Should Pakistan Be ‘Very Worried’ By India’s New Role At The UN Security Council?

India, which has begun its stint as a non-permanent member of the UN Security Council for 2021-22, will be chairing three key UN sanctions...

Indian Air Force Chief Compares LCA Tejas With Pakistani / Chinese JF-17 Thunder

Drawing a comparison between India's LCA Mk1A ‘Tejas’ and Pakistan's JF-17 fighters, Indian Air Chief Marshal RKS Bhadauria said that the Indian jets are...

After Russian S-400, India Inks Pact With The UK To Acquire STARStreak Air Defense System

The Indian Army has moved a step closer to acquiring the STARStreak air defense system as the British company Thales and India's Bharat Dynamics...

Turkey Inaugurates New Consulate Building In Pakistan’s Karachi

Turkish Foreign Minister Mevlut Cavusoglu on Thursday inaugurated the country’s new consulate building in Pakistan's commercial capital Karachi. Addressing the inauguration ceremony, Cavusoglu said the...