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Armenia to compensate WTO partners for Eurasian integration — deputy PM

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Russian, Kazakh and Belarusian leaders sign treaty on creation of Eurasian Economic Union

SOCHI, June 23. /ITAR-TASS/. Armenia’s accession to the Eurasian Economic Union (EEU) will entail talks on compensation for its World Trade Organization (WTO) partners, Russian First Deputy Prime Minister Igor Shuvalov told journalists in Sochi after an EEU meeting on Monday.

“If Armenia successfully joins our format, signs the agreement, and ratifies it”, negotiations would start according to WTO procedures as “the situation will change for Armenia’s trade partners”, he said. Armenia’s rates agreed when it joined the WTO in February 2003 were lower for certain products than unified customs rates in the Customs Union of Russia, Belarus and Kazakhstan.

Monday’s meeting decided to coordinate central issues of Armenian accession to the EEU by the end of the week and prepare an agreement for signing by July 1, Shuvalov added.

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Armenia WTO Eurasian Economic Union

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