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EU/Armenia: EU Visit Explores Closer Trade Ties With Yerevan

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  • EU/Armenia: EU Visit Explores Closer Trade Ties With Yerevan

    EU/ARMENIA : EU VISIT EXPLORES CLOSER TRADE TIES WITH YEREVAN
    by Paul Ames

    Europolitics (daily in English)
    February 19, 2009 Thursday

    A team of European Commission experts was due to arrive in Yerevan, on
    18 February, on a fact-finding mission designed to prepare the ground
    for negotiations on a sweeping free trade agreement with Armenia that
    would bolster economic ties between EU and the South Caucasus nation,
    which is currently heavily dependent on Russia. The Commission team
    is headed by Director Eva Synowiec from the Directorate-General for
    External Trade.

    In a statement posted on the DG Trade website, the Commission said
    a free trade agreement would significantly improve ties by offering
    "both sides preferential access to each other's markets, supporting
    economic reforms in Armenia and offering new opportunities for
    Armenian business".

    The talks follow the launch of the Eastern Partnership initiative by EU
    leaders, at their summit in December 2008, to develop relations with
    former Soviet nations. Last August's war between Russia and Georgia
    has also given fresh impetus to EU efforts to upgrade relations with
    the three South Caucasus nations. The EU is also more willing now to
    deal with Armenia, Azerbaijan and Georgia on a one-by-one basis. The
    previous emphasis on drawing them closer as a bloc drew criticism
    from the region.

    Of the three, Armenia has had closest relations with Russia, partly
    because of historical ties and partly because its poor relations with
    neighbouring Turkey and Azerbaijan have left it economically reliant
    on Moscow. However, since the Georgian war, the authorities in Yerevan
    have stepped up efforts to diversify. "Armenia is trying to carry out
    a multi-vectorial foreign policy," says Amanda Akcakoca, an expert
    on European Neighbourhood Policy at the European Policy Centre.

    From: Emil Lazarian | Ararat NewsPress
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