• Eurasian Economic Union may become headache for Armenian business circles (video)

    Armenia’s membership to the Eurasian Economic Union may become a real headache for the country’s business circles. CU (Customs Union) member states may put a ban on certain products imported to Armenia from Europe and offer products and goods produced in their countries as an alternative.

    Mher Markosyan makes radio electronic equipment and exports 80 percent of the production. He has great expectations from Armenia’s accession to the Eurasian Economic Union.

    “Today one cannot find few Russian goods in Armenian markets and I hope that the membership will open new markets for us and facilitate trade with Russia,” he says.

    Economist Vardan Bostanjyan predicts more negative consequences than positive ones and says the reason is the uncertainty in the issue as no one knows under which terms Armenia will join the EurAsEC.

    Chairman of the Republican Union of Employers of Armenia Gagik Makaryan is concerned whether the Armenian government will be able to avoid the negative consequences after the country joins the Union.

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