Comparative analysis of the Armenian exports: Eurasian Customs Union vs. Association Agreement

Abstract

This work examines the potential impact of emerging Eurasian Customs Union on Armenia’s economy with special emphasis on the export sector. It scrutinizes how the benefits of Armenian exporters are shifted when the average tariff level of exports is changed as a result of the decision made by the government of Armenia to join the newly emerging Customs Union. It makes comparative analysis of Armenian exports depending on the choice of Armenia to join Customs Union or to sign Association Agreement to find out which scenario was more beneficial for Armenian exporters.