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EU hopes that negotiations with Armenia on DCFTA will progress
smoothly and rapidly
17:37, 5 May, 2012
YEREVAN, MAY 5, ARMENPRESS: In an interview given to Armenpress John
Clancy, EU Trade Spokesman said that through the DCFTA the EU aims to
establish a stable and solid framework for closer economic ties by
bringing Armenia closer to the EU Single Market. The EU starts the
DCFTA process convinced that Armenia shares the same ambitious
objectives and we also hope for Armenia's continued, strong commitment
to the negotiations.
"The DCFTA will mark a turning point in EU-Armenia trade relations as
it will not only tackle market access conditions but also focus on
regulatory approximation, which will help to achieve a closer economic
integration of Armenia with the EU. The DCFTA will therefore offer
Armenia a great opportunity to reform its trade and trade-related
policies. The continued conduct of these quality reforms, launched
successfully already in the run-up to negotiations, will be a
challenging objective, which will however enable Armenia to fully
benefit from the EU's Single Market.", said John Clancy, EU Trade
Spokesman.
As for the time limits, he noted there is no time limit for the
negotiations, as their pace depends on the willingness and readiness
of the parties to advance. "The EU values the outcome more than the
speed of such negotiations. Three rounds of negotiations have already
been scheduled for the remaining of 2012 and with the wholehearted
commitment towards the DCFTA process presented by Armenia so far, the
EU considers/expects that the negotiations could progress smoothly and
rapidly "stressed John Clancy.
In regard to the main priviligies that Armenian economy can enjoy
concluding this Treaty with the EU, he noted the free trade area is
expected to diversify and strengthen Armenia's export capacity and
effectively open the way to access the EU market of 500 million
consumers.
"Moreover the DCFTA will help to tackle barriers linked to trade
related regulations and standards, which will increase Armenia's
economic competitiveness. The parallel internal reforms aiming at
stability, transparency and predictability of the legislative regimes
will further improve foreign direct investment inflows, bring jobs and
long-term growth. Projected gains for Armenia lie therefore behind the
border and as such will impact on its long-term development
perspective. At the end of this process Armenia could see its GDPs
significantly enhanced," underlined EU Trade Spokesman.
On the 3 May the EU and the Republic of Armenia had a first exchange
of views on the technical aspects of the DCFTA process, covering the
general objectives of the DCFTA and the overall coordination of the
negotiations.
smoothly and rapidly
17:37, 5 May, 2012
YEREVAN, MAY 5, ARMENPRESS: In an interview given to Armenpress John
Clancy, EU Trade Spokesman said that through the DCFTA the EU aims to
establish a stable and solid framework for closer economic ties by
bringing Armenia closer to the EU Single Market. The EU starts the
DCFTA process convinced that Armenia shares the same ambitious
objectives and we also hope for Armenia's continued, strong commitment
to the negotiations.
"The DCFTA will mark a turning point in EU-Armenia trade relations as
it will not only tackle market access conditions but also focus on
regulatory approximation, which will help to achieve a closer economic
integration of Armenia with the EU. The DCFTA will therefore offer
Armenia a great opportunity to reform its trade and trade-related
policies. The continued conduct of these quality reforms, launched
successfully already in the run-up to negotiations, will be a
challenging objective, which will however enable Armenia to fully
benefit from the EU's Single Market.", said John Clancy, EU Trade
Spokesman.
As for the time limits, he noted there is no time limit for the
negotiations, as their pace depends on the willingness and readiness
of the parties to advance. "The EU values the outcome more than the
speed of such negotiations. Three rounds of negotiations have already
been scheduled for the remaining of 2012 and with the wholehearted
commitment towards the DCFTA process presented by Armenia so far, the
EU considers/expects that the negotiations could progress smoothly and
rapidly "stressed John Clancy.
In regard to the main priviligies that Armenian economy can enjoy
concluding this Treaty with the EU, he noted the free trade area is
expected to diversify and strengthen Armenia's export capacity and
effectively open the way to access the EU market of 500 million
consumers.
"Moreover the DCFTA will help to tackle barriers linked to trade
related regulations and standards, which will increase Armenia's
economic competitiveness. The parallel internal reforms aiming at
stability, transparency and predictability of the legislative regimes
will further improve foreign direct investment inflows, bring jobs and
long-term growth. Projected gains for Armenia lie therefore behind the
border and as such will impact on its long-term development
perspective. At the end of this process Armenia could see its GDPs
significantly enhanced," underlined EU Trade Spokesman.
On the 3 May the EU and the Republic of Armenia had a first exchange
of views on the technical aspects of the DCFTA process, covering the
general objectives of the DCFTA and the overall coordination of the
negotiations.