YEREVAN. – Accession into the Eurasian Economic Union (EEU) has strengthened the economic prospects for Armenia’s security, said Deputy Minister of Foreign Affairs Shavarsh Kocharyan, speaking to reporters on Thursday.

In this case, however, the matter refers to the economic profits, which will increase the country’s budget revenues and enable to better endure the imposed arms race.

The economic advantage of joining any integration alliance is the free movement of goods and capital. In that regard, becoming a member in the EEU—which also comprises Russia, Belarus, Kazakhstan, and most recently, Kyrgyzstan—did not take Armenia a long time to adapt.

“The European integration track-record has shown that it took years to many countries to reach conformity,” added Kocharyan. “But we [i.e. Armenia] are not inferior to the others in the EEU, with product quality and criteria, and we are [even] ahead in some things.”