Newsfeed

Armenian Motor Insurers' Bureau warns car owners about 100,000 AMD fine for absence of obligatory motor insurance contract

Armenia's Central Bank sold banks $1mln out of offered $2mln on Dec 22

Beeline Children Development Corners in Yerevan

Areximbank-Gazprombank Group starts issuing Visa payWave cards

OJSC "VTB Bank" finances construction of a mining and concentration plant in Teghut

VivaCell-MTS offers 4G for the price of the 3G

Head of National Security Service of Armenia: NSS is not going to watch power change attempts from the sidelines

Nagorno-Karabakh Defense Army soldier dies

ACBA-CREDIT AGRICOLE BANK announces results of draw among Visa Student cardholders and student loan borrowers

INECOBANK receives first US$5mn tranche from EBRD to finance renewable energy and SME

Banks buy $1.7 million out of $4 million offered by Central Bank on 20 December

Beeline and Technology Development Center present App Armenia system and mobile application

Vigen Barseghyan appointed as Acting Director General of Areximbank-GPB Group

Vallex Group launches mining at Teghout copper-molybdenum deposit

Anelik Bank faces no problems with liquidity amid national dram hyper-devaluation due to financial support Credit Bank S.A.L.

On 20 December ACBA-CREDIT AGRICOLE BANK to hold annual prize draw ahead of the New Year among Visa Student cardholders and raffled off tuition fees

Expert: In 2015 the situation over Nagorno-Karabakh will not be better than in 2014

Nagorno-Karabakh PM: Question whether there should be a customs point on Armenian-NKR border is no longer on agenda

Expert: AMD's depreciation will not prevent Armenian Government from fulfilling next year's budget

House of Representatives of Belarus ratifies agreement on Armenia's accession to Eurasian Economic Union

Prosecutor insists on life and 22-year terms for Azeri raiders

Open Days at Yerevan Brandy Company

John Heffern says Armenia has not received invitation by Millennium Challenge Corporation this year

John Heffern: The USA wants to go on stimulating reconciliation of the Armenian and Turkish peoples

ARFD: The Turkish-Azerbaijani tandem has sharply activated at the world arena

John Heffern: Agreement on Vorotan Cascade of HPPs to be signed shortly

Kazakhstan Senate ratifies treaty on Armenia's accession to EEU

Drivers of public mini-van go on being on strike because of raising fuel price

Armenian PM: There will be no more shocks on financial market

Armenia's Central Bank tries to sell $4mln but nobody buys it

Beeline to complete digitization of the network in Metsavan, Norashen and Kuchak communities

European Union launches 15 new projects in Armenia

Inga Zarafyan: Mining industry has leading positions in terms of environmental damage

Hovik Abrahamyan familiarizes himself with prices at Armenian supermarkets

Rostelecom expands network of acceptance of payments through banks

Baby born with parasitic twin fetus in Armenia

Parliament of Kazakhstan ratifies treaty on Armenia's accession to EEU

Public transport drivers in Nor-Nork District in Yerevan block road to city center

Armenia-EU free trade negotiations launched

  • Tuesday, February 21, 05:01

 The EU decided to launch negotiations on a deep and comprehensive free trade area with Armenia in order to boost economic growth and investment with this Eastern European Partner. The negotiations will cover matters that have become crucial to a modern, transparent and predictable trade and investment
environment. They 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 European Neighbourhood Policy Information Center reports.

"The opening of free trade negotiations mark a turning point in our trade relations with Armenia. We are entering a new phase that will bring our economic ties to a new level of depth and ambition", said EU Trade Commissioner Karel De Gucht.  "The EU is Armenia's first trading partner and a deep and comprehensive free trade area will give Armenia a more favourable access to the European Single Market thereby helping to boost economic growth in the country."

Commissioner for Enlargement and European Neighbourhood Policy Stefan Fule stated: "This is a further sign of the strengthening of our political and economic ties. Launching DCFTA negotiations is one more step towards closer economic integration which is one of the cornerstones of our relations with countries of Eastern Partnership."

The free trade area will be part of the broader Association Agreement which has been negotiated with Armenia since July 2010, in the framework of the Eastern Partnership and the European Neighbourhood Policy.

The source reports that the bilateral trade relations reached 960 million EUR in 2011. The tow parties are currently preparing for the first round of negotiations to be launched shortly.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields