YEREVAN. –  After joining the Customs Union, Armenia should produce better quality goods, economist Vardan Bostanjyan told reporters.

Bostanjyan, former MP and member of Prosperous Armenia, believes to be guided by former industrial culture is impossible in any market, including the Customs Union.

He noted that in 2013 as compared with the 2012 direct foreign investment in Armenia decreased by 62 percent, but Customs Union may be a good opportunity to attract investments from other member states.

However, he added, the government must think about offering competitive jobs.

“For example, there is a program to create a new copper-molybdenum combine based on Zangezur mine, the recovery of Nprogram airit. We must prevent people from leaving instead of blaming Russians or someone else. People will stay if there is job,” he emphasized.