Armenia’s trade turnover with EAEU states dropped 2% in eleven months

Due to the coronavirus-related restrictions the trade turnover in the Eurasian Economic Union (EAEU) has declined by 11% in January-November 2020, whereas Armenia’s trade turnover with the Union’s member states has dropped by 2%, Foreign Minister of Armenia Ara Aivazian said at the session of the parliamentary standing committee on regional and Eurasian integration affairs.

The minister stated that the unblocking of all transportation and economic communications in the region [mentioned in the November 9, 2020 trilateral statement signed by the Armenian, Russian and Azerbaijani leaders] will definitely affect the Eurasian region. According to him, the unblocking should be conducted in a comprehensive way which will allow to use the potential of the region without geopolitical preferences.

“Since joining the Eurasian Economic Union Armenia has actively participated in the economic integration deepening processes, the cooperation between the states, revealing and effectively utilizing the economic potential”, the FM said, adding that the COVID-related restrictions negatively affected the EAEU domestic mutual trade volum...