Armenia boosts exports to EEU market by 14 times - Mikhail Mishustin

 Russian Prime Minister Mikhail Mishustin, announced that Armenia increased its exports to the EEU market 14 times, and the growth of the country's GDP exceeded 8.5 percent, said Russian Prime Minister about this in an interview given to the Russia-24 TV channel on the occasion of the 10th anniversary of the EEU.

Mishustin noted that all five member states benefit from participation in the EEU, clarifying that this is primarily a result of the lack of customs control at the internal borders.

"Thanks to preferential access, in general, the volumes of mutual trade have multiplied. For example, Armenia increased its exports to the Union market 14 times, Belarus and Kazakhstan more than twice, Kyrgyzstan three times," said the Russian Prime Minister. 

Mishustin also referred to the growth of the gross domestic products of the EEU member states and said that the results of the previous year exceeded the world rates.

The head of the Russian government also drew attention to the fact that the GDP growth rates of the participating countries - Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan - are higher than in the CIS countries not involved in such a deep integration format.

"Last year, the growth of Armenia's gross domestic product exceeded 8.5%. The volume of industrial production was 4%. By the way, the same situation is in Kyrgyzstan, where the GDP dynamics in 2023 were also high," Mishustin said.