As the member of CU, EAC is acceptable. See detail of CU-EAC.

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The President of the Republic of Armenia Serzh Sargsyan, 

"I confirmed Armenia's desire to join the Customs Union and become part of the Eurasian Economic Union formation. 

20 years ago Armenia built its military security system in the form of a Collective Security Treaty in partnership with Russia and a number of other CIS countries. Over the decades that have passed ever since, the system has proved its viability and efficiency. 

Today our CSTO partners are forming a new platform for economic interaction. Being a part of one military security system, it is impossible and inefficient to get isolated from the respective geo-economic space. It is a rational decision, and it comes out of Armenia's national interests."

Geography

• Territory: 29.7 thousand sq. km 
• Population: 3.0 mln people  
• Capital: Yerevan, 1.1 mln people 

Economic Indicators

In 2014, the Gross Domestic Product made up $US10.9 bn, the annual average growth rate for 2011-2014 amounted to 104.7%.  

Agricultural output in 2014 - $US2.4 bn, the annual growth rate for 2011-2014 - 109.4%. 

In 2013 the volume of agricultural production made up $11.8 billion, annual average growth rate for 2011-2013 being 102.9 percent.

Key Industries

Extraction and processing of construction raw materials, nonferrous industry, wine and cognac production. There are enterprises manufacturing metal-cutting machines, molding equipment, precision instruments, synthetic rubber, tires, plastics, chemical fibers, mineral fertilizers, electric motors, tools, microelectronics, jewelry, silk fabrics, knitted goods, legwears.