Armenian President Serzh Sargsyan said at a joint press conference with his French counterpart Francois Hollande that membership of the Customs Union would not be an obstacle to signing an association agreement with the EU, Gazeta.ru reports.
He pointed out that Armenia had intense economic ties with Russia, part of a common security system.
The Armenian leader clarified that the Customs Union will provide the country with discounts for energy resources.
Sargsyan said that France had invested about $1 billion in Armenia. He added that there were about 180 French companies operating in Armenia. The president noted that the two states had 42 documents on socio-economic cooperation.
Sargsyan said that the first Carrefour hypermarket will open during the visit of Hollande.
