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ARMENIA WRAPS UP TALKS WITH EU ON FREE TRADE DEAL
Europe Online Magazine
July 24 2013
By our dpa-correspondent and Europe Online
Brussels (dpa) - Armenia concluded negotiations Wednesday on a free
trade deal with the European Union, bringing it within reach of
formalizing its closer ties with the bloc at a summit in November.
EU Trade Commissioner Karel De Gucht said that access to the EU market
would help Armenia "strengthen its exports, increase investment and
sustain growth."
He added: "In the end, it will contribute to the overall stability
and prosperity of the region, and contribute to citizens' well-being."
The Armenian economy could gain 146 million euros (193 million dollars)
a year in the long run, while the EU economy could gain about 74
million euros, according to figures provided by the bloc.
The EU plans to initial an association and free trade agreement with
Armenia at the summit, which it will hold with six Eastern Partnership
countries in Lithuania.
Georgia and Moldova are also expected to achieve the same step, while
Ukraine hopes to become the first eastern neighbour to sign such an
agreement with the EU. However, concerns remain about its treatment
of political prisoners.
The other Eastern Partnership nations are Azerbaijan and Belarus.
http://en.europeonline-magazine.eu/armenia-wraps-up-talks-with-eu-on-free-trade-deal_291283.html
Europe Online Magazine
July 24 2013
By our dpa-correspondent and Europe Online
Brussels (dpa) - Armenia concluded negotiations Wednesday on a free
trade deal with the European Union, bringing it within reach of
formalizing its closer ties with the bloc at a summit in November.
EU Trade Commissioner Karel De Gucht said that access to the EU market
would help Armenia "strengthen its exports, increase investment and
sustain growth."
He added: "In the end, it will contribute to the overall stability
and prosperity of the region, and contribute to citizens' well-being."
The Armenian economy could gain 146 million euros (193 million dollars)
a year in the long run, while the EU economy could gain about 74
million euros, according to figures provided by the bloc.
The EU plans to initial an association and free trade agreement with
Armenia at the summit, which it will hold with six Eastern Partnership
countries in Lithuania.
Georgia and Moldova are also expected to achieve the same step, while
Ukraine hopes to become the first eastern neighbour to sign such an
agreement with the EU. However, concerns remain about its treatment
of political prisoners.
The other Eastern Partnership nations are Azerbaijan and Belarus.
http://en.europeonline-magazine.eu/armenia-wraps-up-talks-with-eu-on-free-trade-deal_291283.html