YEREVAN. – The new Ministry of International Economic Integration and Reforms of Armenia will not deprive the Ministry of Economy from its functions, Economy Minister Karen Chshmarityan told reporters on Tuesday.    

He noted that only 5 to 6 percent of his department’s powers, and not the 50 to 70 percent which is stated in recent times, is a part of the international economic cooperation and integration.  

“The industrial policy, [and] the customs tariff policy in the Eurasian Economic Union [(EEU)] is [a part of] our powers.

“All this was and will remain the ministry’s duty, just as the coordination of the activities of the six of the twenty-two working groups of Armenia’s EEU accession,” the minister added.     

At the Cabinet meeting on November 6, the Government of Armenia adopted a decision to merge the Ministries of Emergency Situations and Territorial Administration, and, also, to create a new ministry: the Ministry of International Economic Integration and Reforms.