Discussion: Armenia’s Strategic Challenges to Socio-Economic Development
October 9, 11:30

Armenia gets very little joining the Customs Union while losing sovereignity of economic policy, economist Vahagn Ghazaryan said at the discussion on “Armenia’s Strategic Challenges to Socio-Economic Development” initiated by the “Partnership for Open Society”.

Ghazaryan noted that the EU territory is 5 times smaller than the CU but the part it has in the world economy is 6 times bigger. The speaker stressed that 70 percent of the customs duties at the Customs Union are higher than in Armenia. Increasing the customs duties will make the importation of goods produced not in the CU more complicated.

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