Friday, April 22 2022 12:39
David Stepanyan

New economic opportunities offered to Armenia - Vahe Davtyan

New economic opportunities offered to Armenia - Vahe Davtyan

ArmInfo.The planned signing of a free trade agreement between the Eurasian Economic Union (EAEU) and Iran is evidence of Moscow's desire to scale up the economic  relocation strategy launched immediately after the war in Ukraine was  unleashed, which, beyond doubt, offers new economic opportunities to  Armenia as well, which opportunities can and must be taken up, the  exert in energy security Vahe Davtyan said in an interview with  ArmInfo. 

"As we can see the EAEU and Iran are already cooperating, and I do  not rule out Teheran's completely new role in this cooperation in the  future. Should that happen, it will afford Moscow completely new  opportunities for implementing its own geoeconomic strategy in the  Middle East. And the international logistic corridor South-North will  certainly acquire key importance in this process," Mr Davtyan said.

Such developments means Armenia will be left with no alternative but  to intensify its own participation in forming this corridor,  especially with its transport, logistic and energy components  considered. The last factor will enable Armenia with its energy  surplus to develop its own energy strategy and export electric energy  on this basis and in the context of prospects. 

In this context, Mr Davtyan singled out the trends toward integration  of the electric power generation systems within the EAEU, which could  facilitate Armenia's electric energy export, and the common EAEU  energy market planned to be formed in 2025 is part thereof. Armenia's  direct involvement in the processes in question affords serious  opportunities for exporting its electric energy to the EAEU and now  to Iran as well. All this will considerably improve Armenia's energy  security. 

"Regrettably, we have recently witnessed trends entirely opposite to  the aforementioned ones, in particular the Armenian leadership's  attempts to push ahead with the idea of the East-West corridor, which  is a rival to the North-South corridor. This project has another  name, Zangezur Corridor, and is part of the so-called  Turkish-Azerbaijani 'peace agenda', which is in line with the  geopolitical and geoeconomic interests of Ankara and Baku." Mr Davtyan said.