Armenia's Customs Union accession deal may be inked in May: PM

Armenia's Customs Union accession deal may be inked in May: PM

PanARMENIAN.Net - Prime Minister Tigran Sargsyan stated that Armenia completed the majority of steps stipulated in the Customs Union accession roadmap, RFE/RL Armenian Service reported.

As the official noted at the Tsakhkadzor-hosted news conference on March 24, the CU and Common Economic Union accession deal is expected to be inked in May.

According to Sargsyan, a ratification of the deal by the parliaments of Russia, Kazakhstan, Belarus and Armenia will follow, with the latter to become a CU member on Jan 1, 2015.

Tigran Sargsyan met the Member of the Board, the Minister of Economic and Financial Policies of the Eurasian Economic Commission (EEC) Timur Suleymanov March 12. The meeting focused on the activities of the working group for implementation of the Customs Union accession roadmap.

The parties exchanged views on services, investments, tax and customs policies, customs duties and intellectual property, summarizing results of activities implemented and expressing readiness to continue consultations. Discussions in the working group format will be finalized in late March.

"Russia, Belarus and Kazakhstan are ready to prepare a deal for Armenia’s accession to the Eurasian Economic Union," Russian leader Vladimir Putin said earlier.

As Putin noted at the Supreme Eurasian Economic Council session, “Armenia has adopted and is successfully implementing the plan of actions for adaptation to the norms of the Customs Union and Unified Economic Space, so we believe it possible to ready the accession deal.”

Armenia will complete all steps envisaged in the Customs Union accession road map in mid-April, will the CU accession deal currently in the works, Deputy Foreign Minister Shavarsh Kocharyan said on March 1.

As Kocharyan told a news conference, once the text of the deal is coordinated with the CU member states, it will be submitted for parliamentary ratification.

A draft resolution on Armenia’s accession to the Customs Union and unified economic zone was approved at the Minsk-hosted Supreme Eurasian Economic Council meeting Dec 24. On Jan 23, Armenian government has approved the list of measures for joining the Customs Union.

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