YEREVAN. – Armenia will not lose trade ties with Georgia and Iran with accession to the Eurasian Union, Deputy Finance Minister Suren Karayan said.

Armenia will not have to reconsider existing trade treaties with the third states, Karayan said during debates on Armenia's joining the Union that were held in the parliament on Tuesday.

He noted that trade ties with Georgia have reached practical maximum, but Georgia is aspiring to be closer to the EU, while Armenia joins the Eurasian Union.

“We can hardly achieve greater integration, but the existing level is quite high and will not be damaged. The ties with Iran will not suffer, too,” he added.

The official assured that Armenia will preserve GSP+ preferences to export a number of goods with zero or low customs duties.

“There are no obstacles to economic cooperation, and we will continue active work and plan to implement huge projects,” Karayan concluded.