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EU DECIDES TO START TALKS WITH ARMENIA ON CREATING FREE TRADE ZONE
ITAR-TASS
February 20, 2012 Monday 06:30 PM GMT+4
Russia
The European Union has taken a decision to start talks with Armenia
on setting up a free trade zone in a bid to step up financial growth
and attract investments into the country's economy.
In a statement circulated on Monday, the EU said the talks on creating
a free trade zone with Armenia should become a turning point in the
development of trade relations.
The EU and Armenia entered a new stage that would allow both parties
to reach a new level in economic relations, European Commissioner
for Trade Karel De Gucht said. The creation of a free trade zone will
allow the republic to get access to the European market and facilitate
the economic growth in the country, Gucht said.
Since July 2010 the European Union has held talks with Armenia within
the Eastern Partnership to sign an Association Agreement.
The European Union is Armenia's key trade partner. In 2011 trade
turnover reached 960 million euros.
ITAR-TASS
February 20, 2012 Monday 06:30 PM GMT+4
Russia
The European Union has taken a decision to start talks with Armenia
on setting up a free trade zone in a bid to step up financial growth
and attract investments into the country's economy.
In a statement circulated on Monday, the EU said the talks on creating
a free trade zone with Armenia should become a turning point in the
development of trade relations.
The EU and Armenia entered a new stage that would allow both parties
to reach a new level in economic relations, European Commissioner
for Trade Karel De Gucht said. The creation of a free trade zone will
allow the republic to get access to the European market and facilitate
the economic growth in the country, Gucht said.
Since July 2010 the European Union has held talks with Armenia within
the Eastern Partnership to sign an Association Agreement.
The European Union is Armenia's key trade partner. In 2011 trade
turnover reached 960 million euros.