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EU TO BOOST TRADE TIES WITH ARMENIA
New Europe
http://www.neurope.eu/article/eu-boost-trade-ties-armenia
Feb 20 2012
In order to increase economic growth and investment in Armenia, the EU
is launching negotiations on a deep and comprehensive free trade area.
The negotiations will focus on regulatory approximation along with
market access conditions, both of which will help to achieve a closer
economic integration of Armenia with the EU.
By increasing economic integration, the EU aims to enhance political
stability and security in Armenia. The free trade area will be part
of the broader Association Agreement, which has been negotiated with
Armenia since July 2010. It is expected to diversify and strengthen
the country's export capacity and thus open the way to access the
EU markets.
"The opening of free trade negotiations mark a turning point in
our trade relations with Armenia. We are entering a new phase that
will bring our economic ties to a new level of depth and ambition,"
said Trade Commissioner Karel De Gucht. "The EU is Armenia's first
trading partner and a deep and comprehensive free trade area will
give Armenia a more favourable access to the European Single Market
thereby helping to boost economic growth in the country."
The Association Agreement with Armenia aims at closely associating
the country to the EU both in economic and political terms. The future
trade relations will therefore expand significantly beyond the scope
of current cooperation, set out in the Partnership and Co-operation
Agreements.
New Europe
http://www.neurope.eu/article/eu-boost-trade-ties-armenia
Feb 20 2012
In order to increase economic growth and investment in Armenia, the EU
is launching negotiations on a deep and comprehensive free trade area.
The negotiations will focus on regulatory approximation along with
market access conditions, both of which will help to achieve a closer
economic integration of Armenia with the EU.
By increasing economic integration, the EU aims to enhance political
stability and security in Armenia. The free trade area will be part
of the broader Association Agreement, which has been negotiated with
Armenia since July 2010. It is expected to diversify and strengthen
the country's export capacity and thus open the way to access the
EU markets.
"The opening of free trade negotiations mark a turning point in
our trade relations with Armenia. We are entering a new phase that
will bring our economic ties to a new level of depth and ambition,"
said Trade Commissioner Karel De Gucht. "The EU is Armenia's first
trading partner and a deep and comprehensive free trade area will
give Armenia a more favourable access to the European Single Market
thereby helping to boost economic growth in the country."
The Association Agreement with Armenia aims at closely associating
the country to the EU both in economic and political terms. The future
trade relations will therefore expand significantly beyond the scope
of current cooperation, set out in the Partnership and Co-operation
Agreements.