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Armenia’s membership in the Eurasian Economic Union (EEU) will boost development of economic relations, Armenian Development Agency (ADA) head Robert Harutyunyan told reporters on the sidelines of Expo Russia-Armenia 2014 Sixth International Industrial Exhibition in Yerevan.

“Today’s event is very important in this aspect, and the number of companies presented here bears evidence to it,” he said.

Oleg Mizerkov, deputy head of the department of economic cooperation with the Customs Union and CIS states, for his part, expressed hope that economic cooperation with Armenia will reach the level of cooperation between Russia, Belarus and Kazakhstan, particularly in the aspect of development of small and medium-sized businesses.

“Russian and Armenian companies are willing to expand cooperation beyond the framework of this exhibition and I think Armenia’s accession to the EEU Treaty will contribute to it,” Mizerkov said.