YEREVAN, October 13 (RIA Novosti) - The Eurasian Economic Union (EEU) offers Armenia a higher level of security than the European Union (EU), the president of the World Armenian Congress Ara Abrahamyan said on Monday.
"EEU offered a higher level of security to Armenia than the European Union," Abrahamyan told reporters adding that joining the EEU "will not threaten the country's independence but on the contrary will ensure the security of Armenia."
Abrahamyan noted that the EEU membership will improve the economic situation in the country, allowing the free flow of capital. "Armenian authorities should create opportunities for increasing the [Armenian] export volumes into the EEU countries, as there is demand [for it] there," he said.
On October 10, the leaders of the EEU signed an agreement on Armenia's accession to the Eurasian Economic Union Treaty.
Russia, Belarus and Kazakhstan signed the treaty in May and have already ratified the document, which is to come into force on January 1, 2015. The republics of Kyrgyzstan and Tajikistan have also expressed interest in joining the organization.
Under the treaty, the member countries agree to guarantee the free flow of goods, services, capital and labor, and to implement a coordinated policy in the energy, industrial, agricultural and transport sectors.