Eu Armenia Trade Agreement

The agreement also contains a substantial trade title with significant commitments in several areas of trade policy. These will improve the conditions for bilateral trade between the EU and Armenia, while fully respecting Armenia`s commitments as a member of the Eurasian Union. They will ensure a better regulatory environment for economic actors in areas such as trade in services and goods, business creation and operation, capital flows, public procurement and intellectual property rights, sustainable development and competition. The agreement encourages Armenian companies to sell more goods and services to the EU and EU companies to open subsidiaries in Armenia, which will contribute to economic growth and job creation. [14] [16] The comprehensive and extended partnership agreement can be considered a «lite» version of an EU free trade agreement in which 96% of Armenian products can enter the EU internal market with zero tariffs. From 2020, the EU will be Armenia`s largest export market. [17] After a brief uncertainty between Armenia and the EU, bilateral negotiations on the restructuring of relations have resumed. [6] In January 2015, the European Commissioner for European Neighbourhood Policy and Enlargement, Johannes Hahn, said that the EU was ready to sign a revised association agreement with Armenia, but that any new agreement would exclude a free trade agreement, as it would run counter to Armenia`s membership of the Eurasian Customs Union. [7] New negotiations began in December 2015. [8] After important negotiations, Armenia and the EU concluded the comprehensive and extended partnership agreement at a ceremony in Brussels. [9] The new comprehensive and extended partnership agreement will broaden and expand the scope of EU-Armenia relations. [10] It was signed on 24 November 2017 by Armenia and all EU Member States. [11] [12] The EU-Armenia Cooperation Council held its 17th session on 23 May 2017.

The EU and Armenia welcomed the end of negotiations on the recently concluded comprehensive and expanded partnership agreement between the EU and Armenia and called for its swift conclusion. On 27 February 2017, the European Union and Armenia reached a new agreement on deepening their political and economic relations. Armenian President Sersh Sargsian visited Brussels and met with European Council President Donald Tusk and other senior officials. The new comprehensive and extended partnership agreement will broaden the scope of EU-Armenia relations,[23] but will not be an association agreement. [24] It was signed on 24 November 2017 by Armenia and all EU Member States. [25] [26] Armenia and the EU began negotiations in July 2010 for an association agreement that provided for a comprehensive and comprehensive free trade agreement to replace the former CPA. [6] In November 2012, Commissioner for Enlargement and European Neighbourhood Policy Etefan Fole said that the AA negotiations could be concluded by November 2013. [7] The new EU centre in Armenia, which is to become the communication centre of the European Union, was officially inaugurated on 31 January 2013 in central Yerevan. [8] However, on 3 September 2013, Armenia announced its decision to join the Eurasian Union. [9] [10] According to EU politicians, the membership of Armenians in the Eurasian Customs Union would be incompatible with the agreements negotiated with the EU. [9] The Armenian President, Sersh Sargsian, told the meeting of the Parliamentary Assembly of the Council of Europe on 2 October 2013 that Armenia was ready to sign the AA at the Eastern Partnership Summit held in Vilnius in November 2013, without the deep and comprehensive free trade area of the agreement, which is contrary to Armenia`s membership of the Eurasian Customs Union. [1] [10] [11] A spokesman for Commissioner Fole replied a few days later: «No document is prepared between Armenia and the EU to be signed at a summit in Vilnius» and «We are trying to find ways to continue cooperation with the Ar

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