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EU TO LAUNCH FREE TRADE NEGOTIATIONS WITH ARMENIA
Business Recorder
http://www.brecorder.com/business-a-economy/189/1157661/
Feb 21 2012
The European Union plans to launch negotiations on a free trade area
(FTA) with Armenia soon in order to boost trade and investment with
the Caucasus country Talks will cover market access EU conditions,
as well as bringing rules in other countries closer to those in the
EU so their local manufacturers meet EU standards.
The moves are aimed at helping Armenia integrate more with the "The
EU is Armenia's first trading partner," EU Trade Commissioner Karel
De Gucht said in a statement.
"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." It did not say when the talks
would start.
The EU has been negotiating a broader Association Agreement with
Armenia since July 2010, a type of agreement the EU uses to persuade
third countries to make commitments to political, economic, trade,
or human rights reform.
Armenia has made significant reforms recently in technical regulations,
sanitary measures and the protection of intellectual property, the
Commission said.
The EU was Armenia's biggest trading partner in 2011, with bilateral
trade amounting to 960 million euros.
The country already benefits from low import duties to the EU.
From: A. Papazian
Business Recorder
http://www.brecorder.com/business-a-economy/189/1157661/
Feb 21 2012
The European Union plans to launch negotiations on a free trade area
(FTA) with Armenia soon in order to boost trade and investment with
the Caucasus country Talks will cover market access EU conditions,
as well as bringing rules in other countries closer to those in the
EU so their local manufacturers meet EU standards.
The moves are aimed at helping Armenia integrate more with the "The
EU is Armenia's first trading partner," EU Trade Commissioner Karel
De Gucht said in a statement.
"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." It did not say when the talks
would start.
The EU has been negotiating a broader Association Agreement with
Armenia since July 2010, a type of agreement the EU uses to persuade
third countries to make commitments to political, economic, trade,
or human rights reform.
Armenia has made significant reforms recently in technical regulations,
sanitary measures and the protection of intellectual property, the
Commission said.
The EU was Armenia's biggest trading partner in 2011, with bilateral
trade amounting to 960 million euros.
The country already benefits from low import duties to the EU.
From: A. Papazian