EEC Board Chairman: Investing in Armenia can lead to 200 mln market

Investing in Armenia can lead to almost a 200 million market.

Chairman of the Board of Eurasian Economic Commission (EEC), Tigran Sargsyan, said the aforementioned at the opening of Armenia Investment forum in New York.

“After joining the Eurasian Economic Union (EEU), Armenia is no longer a country with a 3 million population: It is part of the big market, which occupies a territory with a population of almost 200 million people. Thus, investing in Armenia as a member state, you enter an enormous territory, where four key freedoms are in place: the freedom of goods, services, capital and labor force,” Sargsyan noted.

Much has yet to be done to establish these four freedoms in the entire Union but five of its member states are determined to make the Eurasian Union a fully-fledged economic union. And the foreign investors can introduce their best international practice into the young union, the Chairman said.