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EU-ARMENIA DEEPEN ECONOMIC RELATIONS
Hurriyet Daily News, Turkey
July 26 2013
Brussels-Yerevan
The European Union and Armenia has finalized the FTA negotiations.
The European Union and the Republic of Armenia announced last week
that they had concluded negotiations on a Deep and Comprehensive Free
Trade Area (DCFTA), as part of the Association Agreement between the
EU and the Republic of Armenia by a press statement.
At the seventh and final round of negotiations - held in Yerevan -
negotiators reached agreement on the key elements of a deal which will
create a new framework for trade relations between the EU and Armenia.
"Today's conclusion of negotiations on a DCFTA between the EU and
Armenia paves the way for Armenia to enjoy much improved access to the
EU market in more than trade in goods, which will help the country
strengthen its exports, increase investment and sustain growth",
said EU Trade Commissioner Karel De Gucht.
An independent study suggests that in the long run the Armenian
economy could gain an extra 146 million euros a year, representing
a 2.3 percent increase in GDP.
The EU began negotiating an association agreement with Armenia in
July 2010. The EU is Armenia's biggest trading partner, covering
some 32 percent of its trade. Bilateral trade in goods amounted to
951 million euros in 2012.
July/26/2013
http://www.hurriyetdailynews.com/eu-armenia-deepen-economic-relations-.aspx?pageID=238&nID=51475&NewsCatID=344
Hurriyet Daily News, Turkey
July 26 2013
Brussels-Yerevan
The European Union and Armenia has finalized the FTA negotiations.
The European Union and the Republic of Armenia announced last week
that they had concluded negotiations on a Deep and Comprehensive Free
Trade Area (DCFTA), as part of the Association Agreement between the
EU and the Republic of Armenia by a press statement.
At the seventh and final round of negotiations - held in Yerevan -
negotiators reached agreement on the key elements of a deal which will
create a new framework for trade relations between the EU and Armenia.
"Today's conclusion of negotiations on a DCFTA between the EU and
Armenia paves the way for Armenia to enjoy much improved access to the
EU market in more than trade in goods, which will help the country
strengthen its exports, increase investment and sustain growth",
said EU Trade Commissioner Karel De Gucht.
An independent study suggests that in the long run the Armenian
economy could gain an extra 146 million euros a year, representing
a 2.3 percent increase in GDP.
The EU began negotiating an association agreement with Armenia in
July 2010. The EU is Armenia's biggest trading partner, covering
some 32 percent of its trade. Bilateral trade in goods amounted to
951 million euros in 2012.
July/26/2013
http://www.hurriyetdailynews.com/eu-armenia-deepen-economic-relations-.aspx?pageID=238&nID=51475&NewsCatID=344