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Armenian economist warns of corruption risks on EEU market

Though Armenia has not yet filed any appeal with the Court of the Eurasian Economic Union (EEU), there are certain corruption risks requiring a closer government consideration, according to an economist.

At a news conference on Saturday, Ashot Tavadyan called for a proper attention especially to the EEU Treaty, which he said may allow the country to apply to the Court in case of possible disputes. He highlighted Armenia’s advantage in the Eurasian Economic Commission, the EEU’s top regulatory body which is chaired by former Prime Minister Tigran Sargsyan.

“Unconscientious economic competition is possible and does practically exist everywhere. Economic wars have been waged and continue being waged also in the Eurasian Economic Union,” said Aram Safaryan, the Eurasian Economic Club’s coordinator who also attended the news conference.

Noting that the country exported 1.2 million liters of brandy to the EEU market in 2017, he said that he expects the Armenian wine to be the country’s second major brand in the common economic zone.

“Brandy manufacturing has been and will remain Armenia’s top export brand, and our economic thought in the years to come; that’s my firm belief. And I feel really delighted to state today that the Armenian wine-making industries saw a really great success in 2017 against the Georgian, Moldovan, and all the other wines in the CIS region. That inspires us with hopes that the export volumes will increase in 2018,” he said, highlighting the high demand of the Armenian brandy in Russia.

“All possible difficulties are negotiable to my mind, and can be resolved through dialogues between the EEU Commission and the member states’ governments. So I don’t really think it is worth making a drama of this,” Safaryan added.

Liana Arakelyan


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