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Head of Eurasian Economic Commission Tigran Sargsyan’s lecture at RANEPA

10 April2019
Head of Eurasian Economic Commission Tigran Sargsyan’s lecture at RANEPA

On April 3, Tigran Sargsyan, Chairman of the Board of the Eurasian Economic Commission (EEC), delivered a lecture to RANEPA students.

The guest speaker was introduced by Rector of the Presidential Academy Vladimir Mau. Mr. Sargsyan said it was a great honor for him to visit the Academy.

“The purpose of my speech is to infect you with the Eurasian integration idea. Our association’s success depends on the people supporting this idea,” the speaker addressed the audience, urging them to become the Eurasian elite.

His lecture, EAEU - a space of opportunities for young people: from training to shaping the Eurasian elite, reviewed the five-year results of Eurasian Economic Union (EAEU), its system-wide achievements and global trends that are shaped by the EEC as the supranational body of the EAEU.

There are about 50 regional associations in the world, held together by the common interests of their member countries. They emerge as a consequence of globalization, and differ in their formats. “The most advanced ones are the European and Eurasian unions. The global trend is that countries understand they will be able to create better conditions for their citizens and for doing business if they coordinate their work with their neighbors. And this positive trend is very important,” Tigran Sargsyan said.

The main objectives of the EEC are free movement of goods, labor, services and capital throughout the entire territory of the UAC. Therefore, at the supranational level, powers must be exercised that will ensure the implementation of these freedoms. The removal of these barriers provides opportunities for accelerating economic growth and leveling socio-economic development of the participating countries.

The associations created have also influenced management issues. In this regard, it is especially important to understand the essence and logic of the global transformations. “We are at the initial stage of formation of our common Eurasian economic space, which means that every year, the demand for specialists dealing with this issue will only increase,” the EEC Chairman concluded.

Tigran Sargsyan headed the Central Bank of Armenia (1998–2008) and the Government of Armenia (2008–2014); was the Ambassador Extraordinary and Plenipotentiary of Armenia to the US (2014–2016). He has authored more than 20 research articles in finance and bank management.

He open lecture at the Academy was organized by RANEPA Institute of Law and National Security (ILNS).

 

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