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EU, Armenia sign new financial agreements for reforms

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  • EU, Armenia sign new financial agreements for reforms

    ITAR-TASS, Russia
    September 27, 2012 Thursday 11:35 PM GMT+4

    EU, Armenia sign new financial agreements for reforms

    YEREVAN September 27


    EU Commissioner for Enlargement and European Neighbourhood Policy,
    Stefan Fule, and Prime Minister of Armenia, Tigran Sargsyan, signed
    two new financing agreements between the European Union and Armenia in
    Yerevan on Thursday, September 27.

    Totalling 43 million euros, the two agreements focus on institution
    building and will support the negotiations and implementation of the
    future EU-Armenia bilateral agreements: the Association Agreement and
    Deep and Comprehensive Free Trade Area and Visa
    Facilitation/Readmission Agreement.

    "I believe we are preparing the ground for an Armenia which is a state
    with more citizen-friendly institutions, an attractive investment
    destination and better conditions for those businesses which want to
    take advantage of new market opportunities," Fule said after the
    signing ceremony.

    EU bilateral assistance to Armenia under the European Neighbourhood
    Partnership Instrument is 157 million euros for 2011-2013, double the
    amount for the previous period. On top of that, an additional 15
    million euros have recently been allocated under the More for More
    principle. "The more reforms Armenia carries out the more the EU will
    be able to support it. Already today, EU support for Armenia has
    reached unprecedented levels" Fule stated referring to the financial
    allocation so far.

    Through the financing agreements signed in Yerevan on Thursday, we
    will support Armenia's Sustainable Development Programme, focusing on
    several sector specific strategies such as Customs Administration,
    Quality infrastructure, Food Safety and e-governance. The expected
    results should have a direct bearing on the key milestones set for the
    bilateral co-operation under the Eastern Partnership:

    - Introduction of biometric passports will help Armenia to meet a key
    condition of visa liberalisation;

    - improved data protection will open the way to deepened co-operation
    in justice, freedom and security;

    - improvements in the legal framework for public procurement will help
    Armenia along the road to new opportunities for tendering for public
    contracts on European Union markets.

    During the period 2011 - 2013, the EU's priority areas of cooperation
    with Armenia focus on improving democratic structures and good
    governance and facilitating trade, investment and socio-economic
    reform.

    The basis for the Financing Agreements signed today is the ENPI Annual
    Action Programme 2011, worth 43.1 million euros and composed of two
    actions:

    "Framework Programme in support of the EU-Armenia agreement" worth
    19.1 million euros and "Support to the Government of Armenia for the
    implementation of the ENP Action Plan and the preparation for the
    future Association Agreement" worth 24 million euros, the European
    Commission said.

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