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Armenia-EU Free Trade Agreement Negotiated

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  • Armenia-EU Free Trade Agreement Negotiated

    ARMENIA-EU FREE TRADE AGREEMENT NEGOTIATED
    Alisa Gevorgyan

    "Radiolur"
    18.02.2009 17:14

    A European Commission's experts team led by Director. Ms Ewa Synowiec
    from Directorate General for Trade arrived in Yerevan today. This
    mission will help in mapping out a preparatory process for possible
    future negotiations of an ambitious free trade agreement (FTA)
    between the European Union (EU) and Armenia. Deeper economic ties are
    a key element in the EU's Neighbourhood Policy and the new Eastern
    Partnership initiative launched last December.

    The European Commission's team will hold 2 days of meetings at both
    technical and senior level with Armenian officials. These discussions
    should enable the European Commission to identify priorities for
    reforms which would help Armenia prepare itself for the launch of
    negotiations of a deep and comprehensive free trade agreement with
    the EU.

    Such an FTA is an ambitious project. It would considerably upgrade
    the present trade ties by offering both sides preferential access
    to each other's markets, supporting economic reforms in Armenia and
    offering new opportunities for Armenian businesses. Implementing the
    recommendations will help Armenia to enjoy the benefits of an agreement
    more quickly. The EU is committed to continuing to assist Armenia in
    its reform work, including by providing technical assistance.

    The first discussion with members of the fact-finding group was held
    at the 8 0Armenia Marriot" Hotel today.

    "We will discuss a whole program, and in case of the successful
    implementation of it we will ensure a business environment in the
    Armenian trade market corresponding to European standards," RA
    Minister of Economy Nerses Yeritsyan said, adding that problems
    in the legislation are less than in the mechanisms of their
    implementation. Therefore, according to the Minister, besides
    discussions on the Free Trade Agreement, they will try to get the
    assistance of European experts in solving the above-mentioned problems.

    Ms Ewa Synowiec noted they are in Armenia to discuss issues connected
    with the preparatory stage of signing the FTA. "In an earlier stage
    of discussions we clarified to what extent Armenia is ready and what
    kind of Free Trade Agreements should be signed in the future. The
    objective of this mission is to reveal and understand your problems
    in the sphere of trade and help you prepare for the process of
    negotiations more effectively."
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