Armenia attaches special importance to the expansion of foreign economic relations with the Eurasian Economic Union. This is what Prime Minister of Armenia Nikol Pashinyan stated in his speech during the session of the Supreme Eurasian Economic Council today.
The Prime Minister’s speech particularly reads as follows:
“The formation of a common electric power market of the Union will allow the member states to enhance cooperation based on the principles of ensuring equal rights, mutual benefit and fair competition and on the economic interests of electricity producers and consumers.
In this regard, Armenia welcomes the signing of the protocols on making amendments to the Treaty on the Eurasian Economic Union that were made for supplementing the methodology for the interstate transfer of electric power between the member states, taking into consideration the peculiarities of the accession of the Republic of Armenia and the Republic of Kyrgyzstan to the Eurasian Economic Union.
The changes to be made to the methodology will allow establishing the principles of planning, setting and agreeing upon the volumes of supply of electric power between the member states. They will also allow establishing the principles of cooperation between the system operators of the member states and third countries.
In closing, I would like to mention that we would be happy to greet you in Yerevan during the subsequent session of the Supreme Eurasian Economic Council on October 1, 2019.”