Further cooperation between Armenia and Georgia in the context of the decision by Armenia to join the Customs Union were discussed during a meeting of Armenian Economy Minister Vahram Avanesyan and Georgian Ambassador Tengiz Sharmanashvili, Armenia Today reported citing the press service of the Economy Ministry.
During the meeting the sides discussed issues on the development of the Armenian-Georgian economic relations. In particular, they highlighted the importance of holding the next meeting of the intergovernmental commission, as well as the upcoming meeting of the working group on trade and economic issues.
The Eurasian customs union is a form of trade and economic integration of the Republic of Belarus, Kazakhstan and the Russian Federation which ensures a single customs territory.
Customs duties and restrictions of economic nature are not used in the mutual trade of goods with the exception of special protective, antidumping and countervailing measures within this territory. The member countries of the customs union apply a unified customs tariff and other common measures to regulate trade in goods with third countries.
The Customs Union of the three countries began operating in January 2012. Kyrgyzstan, Moldova, Syria, Vietnam, New Zealand and Armenia have expressed a desire on making accession to the Customs Union. As a result of negotiations with Russian President Vladimir Putin in early September in Moscow, Armenian President Serzh Sargsyan stated that he has confirmed Armenia's desire to join the Customs Union and to be involved in the process of formation of the Eurasian Economic Union.
Alongside with Uzbekistan and Turkmenistan, Azerbaijan also didn't join the free trade agreement signed on Oct.18, 2011 by the heads of governments of eight CIS member states.
Translated by M.L.
Edited by S.M.