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EU to negotiate free trade zone with Armenia

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  • EU to negotiate free trade zone with Armenia

    Vestnik Kavkaza, Russia
    March 7 2012


    EU to negotiate free trade zone with Armenia

    The European Union is ready for discussions of the free trade zone
    formation with Armenia, President of the European Commission Jose
    Manuel Barroso said after a meeting with Armenian President Serzh
    Sargsyan in Brussels, News Armenia reports.

    The EU Trade Policy Commission, consisting of 27 members, approved
    talks on free trade zone formation with Armenia on February 29.
    Armenia will be able to diversify export structure and enter the
    European market.

    Armenia switched to the Generalized System of Preferences (GSP+) with
    EU states for three years on January 1, 2009. The system allows
    Armenian exporters to ship goods at lower fees to Europe. GSP+ is
    offered to a narrow range of states, meeting criteria and
    requirements. It concerns over 6,400 types of goods, paid for at the
    lowest fees, common for free trade zones.

    Armenian-EU associated membership should replace the partnership and
    cooperation agreements signed in Yerevan on July 19, 2010.


    From: Baghdasarian
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