Armenia could serve as link in EEU-Iran cooperation – MP
With present geopolitical challenges and international economic cooperation, the Eurasian Economic Union (EEU) member-states should deepen integration processes by means of economic modernization, which will improve trade and economic relations, Vardan Ayvazyan, Chairman of the Standing Committee on Economic Affairs, Parliament of Armenia, stated at an interstate forum on Eurasian cooperation prospects in Astana, Kazakhstan.
The process first of all implies mutually beneficial investments, larger-scale trade and creation of free trade zones. The EEU member-states should launch flexible programs to achieve the goals.
“The members of the Commonwealth of independent States (CIS) have such experience. And the USSR members had competitive industry and developed economy due to centralized management. Armenia has great potential now as well to implement projects in chemical industry, agriculture, energy machine-building, information technologies and so on,” Mr Aivazyan said.
Regional programs first of all depend on close cooperation between the member-states.
“In this context, it would be reasonable to form a joint economic and taxations authority. Only after such an authority is formed, can the member-states pass on to higher-level integration, that is, a common monetary and currency policy,” Mr Aivazyan said.
He highlighted the formation of a Great Silk Road economic zone, which will enable the creation o joint transportation and communication structures, which would connect china and central Asia with Europe.
Armenia, as the only South Caucasus state that is an EEU member, with a partner and observer at the Shanghai Cooperation Organization (SCO), can participate in the Great Silk Road economic zone project.
“Armenia can serve as a corridor for expansion of regional integration, in cooperation with Iran, with access to the Arab market. The EEU is willing to cooperate with Iran, especially in the context of a free trade zone. In this respect, Armenia could serve as a link because we are the only state with land frontier with Iran and wide trade experience with that state. In the context of removal of sanctions from Iran, the construction of an Armenia-Iran railway could be of interest, which could make access to China and Central Asia easier.”
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