... duty runs at 5.5 percent, while the figure for Russia is 10 percent
. However, Brussels officials appear to forget that en route to integration in the 1950-1970s, West Europeans experienced a wave of protectionism as well. In actuality, any growing economy tends to strengthen its trade barriers. For example, the protective duty in Turkey stands at
9.6 percent
, almost as high as that in Russia. Hence, a simple but noteworthy conclusion: the European Union and the EEU Customs Union view their tariff policies differently due to the structural specifics of their economies, i.e. the advanced liberalized markets in the EU and evolving and more isolated markets in the East.
Bridging the Gaps
The EU's current strategy is ...
... in projects related to Armenian gas deliveries and electric power cooperation between Armenia and Iran. In sum, the decision affects Armenia’s economic, financial, food and national security prospects.
What kind of impact could entry into the Customs Union have on the Armenian economy? Can you forecast the overall and sectoral effects?
Aza Migranyan
Using the data from the Eurasian Development Bank, Armenian and Russian experts prepared a comparative assessment of GDP growth for Armenia upon either joining the Eurasian Community ...
... is the global, latent change in zones of economic influence. The world has reached its historic peak in terms of the market economy’s territorial distribution, but development models are becoming increasingly polar. Therefore, the need to build ... ... in the thick of the geo-economic confrontation between the two trade areas, closing in on it from either side. Although the Customs Union is a new and institutionally weak grouping, it is clear that an attempt at reformatting the economic space could ...
