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European Commission Head: DCFTA Talks Turning Point In Ties With Arm

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  • European Commission Head: DCFTA Talks Turning Point In Ties With Arm

    EUROPEAN COMMISSION HEAD: DCFTA TALKS TURNING POINT IN TIES WITH ARMENIA

    PanARMENIAN.Net
    March 6, 2012 - 22:21 AMT

    PanARMENIAN.Net - Armenian President Serzh Sargsyan and President
    of the European Commission, Jose Barroso, officially launched the
    negotiations for Deep and Comprehensive Free Trade Area (DCFTA)
    between Armenia and the EU.

    Mr. Barroso issued a statement following the meeting with President
    of Armenia Serzh Sargsyan.

    It reads as follows,

    "We fully support the President's reform and modernization agenda,
    and we remain committed to deepen our engagement with Armenia in the
    framework of the Eastern Partnership.

    Indeed, we are now ready to launch talks on a Deep and Comprehensive
    Free Trade Area, which is part and parcel of the Association
    Agreement that we are already negotiating with Armenia. This is to
    a large extent, the result of Armenia's efforts to comply with our
    'key recommendations'.

    The opening of the DCFTA negotiations marks a turning point in our
    trading and economic relationship, providing new opportunities for
    our citizens and businesses. This is also a sign that our ties are
    getting stronger.

    Armenia should now continue to advance in its trade and trade-related
    reforms and work towards reaching a stable, transparent and predictable
    economic environment. This is essential, we believe, to attract
    foreign investment and also to stimulate growth and job creation.

    The relationship between the European Union and Armenia is not only
    about the economy or trade or mobility, we have discussed these
    issues. But it is also about the universal values that we share.

    Democracy, fundamental rights and the rule of law are at the core of
    the Association Agreement that we are negotiating with Armenia and they
    are the solid foundations of our present and also our future relations.

    The next parliamentary and presidential elections will be an important
    benchmark in Armenia reform's path. I am reassured by the President's
    commitment that these elections will be conducted in accordance with
    democratic international standards," according to official EU website.

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