Armenia to join the Russian led Customs Union

Posted on: 07/03/2014

Early March 2014 Armenia declared it will be ready to join a Russia-led customs union within weeks.   Armenian Deputy Foreign Minister Shavarsh Kocharian said in Yerevan on March 1 that his country will accomplish all necessary tasks by mid-April in order to join the CIS Customs Union, which also includes Belarus and Kazakhstan.  Kocharian said the Armenian parliament will debate the customs-union agreement after the document is approved by Russia, Belarus, and Kazakhstan. Read More

In July 2013 the EU and Armenia concluded negotiations on a new Association Agreement (AA) and a Deep and Comprehensive Free Trade Area (DCFTA), which is an integral part of the AA. The AA and the DCFTA aimed at allowing Armenia, with the EU´s support, to drive forward a programme of comprehensive modernisation and reform based upon shared values, political association and economic integration.   The process of implementation of the AA and the DCFTA has been withheld in September 2013 following Armenia's start of negotiations of its membership in the Customs Union of Russia, Belarus and Kazakhstan. The obligations resulting from the membership in the Customs Union of Russia, Belarus and Kazakhstan are incompatible with the commitments undertaken by Armenia in the framework of the DCFTA.

 

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