Some articles of the Eurasian Economic Treaty are very general and are very freely implemented by the EEU member states, which creates problems for the development of economic relations between the member states, in particular, cooperation. Ashot Tavadyan, Doctor of Economics, Professor, member of the Eurasian Expert Club, said this today during the discussion “Opportunities and Perspectives for the Development of the EEU in the Context of Economic Sanctions Against Russia”.
According to the speaker, the EEU leader, Russia, should pursue the settlement of these issues, but Armenia, from the point of view of its interests, should state clear positions. In this context, Ashot Tavadyan makes several suggestions. For example, in the context of the existing sanctions against Russia, to create a joint program of cooperation in the EEU, using the opportunities of Armenian experts to create or transform enterprises aimed at creating military-industrial products. “Based on the current situation, I think that such enterprises should be registered in Armenia,” said Ashot Tavadyan.
Next is the creation of a joint program in the EEU, taking into account the potential of the EEU member states, especially if the goal is to boost exports from the EEU to the East. Ashot Tavadyan attaches importance to this issue in the context that Armenia will have the opportunity to export finished products, which is more valuable than the export of raw materials. Also, additional jobs will be created in our country, where the unemployment, according to official figures, is close to two dozen.
Our interlocutor also attaches importance to the transition to a single energy market, as there is a difference in prices, which is an obstacle for cooperation and modernization. He also suggests deeper processing of raw materials. In Armenia, it refers to non-ferrous metals.
The economist also suggests imposing export tariffs on energy and raw materials instead of responding to Western sanctions with retaliatory sanctions. The economist believes that the CBs in the EEU member states should also review the refinancing rate, as the policy of expensive money does not contribute to effective cooperation.
More details in the video