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Eurasian Economic Union is a boost for its member states’ economies — Armenian FM

October 23, 2015, 14:04 UTC+3 YEREV AN
Four freedoms underlying the EEU — movement of goods, services, capitals and workforce — offer an additional impetus for the development, Armenian Foreign Minister Edvard Nalbandyan says
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© TASS/Sergei Konkov

YEREVAN, October 23. /TASS/. The Eurasian Economic Union (EEU) gives an additional motivation for the development of economies of its member states, Armenian Foreign Minister Edvard Nalbandyan said on Friday.

"We assume that four freedoms underlying the EEU — movement of goods, services, capitals and workforce — offer an additional impetus for the development of the economies of its member states," the foreign minister told an international forum of graduates from the Moscow State Institute of International Relations MGIMO University.

"Economic integration processes are in the focus of close attention of the international community," he added, saying there were some 20 economic unions in the world at the moment.

The Eurasian Economic Union is an international economic union bringing together Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. It came into being on January 1, 2015.

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