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Armenia, EU Complete Talks About Free Trade Area

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  • Armenia, EU Complete Talks About Free Trade Area

    ARMENIA, EU COMPLETE TALKS ABOUT FREE TRADE AREA

    Interfax, Russia
    July 24 2013

    YEREVAN. July 24

    Armenia and the European Union concluded negotiations on the creation
    of a Deep and Comprehensive Free Trade Area (DCFTA) on Wednesday,
    the European Commission posted a statement on its website.

    Following the final round of talks, Armenia and the EU reached an
    agreement on key aspects of the Association Agreement, which will
    create new structure for trade relations between Armenia and the EU,
    the statement said.

    "The DCFTA will strengthen Armenia's economic integration with the
    EU by providing better market access for European and Armenian goods
    and services to each other's markets," the statement said.

    The Association Agreement with the EU is expected to be initialed
    in Lithuania, which is currently chairing the EU and will host the
    Eastern partnership summit in November 2013.

    Lithuanian Foreign Minister Linas Linkevicius said on July 23 that
    Armenia, Georgia and Moldova could initial and then sign free trade
    agreements with the EU this year.

    "We can expect the free trade agreements with Moldova, Georgia and,
    possibly, Armenia, to be initialed prior to the high-level meeting
    in Vilnius. Then we will try to sign [them] as quickly as possible,
    it would be best to do this while this European Commission is still
    working," Linkevicius told the Baltic News Service on July 22.

    The current European Commission expires in second half of 2013,
    BNS reported.

    Georgia concluded the DCFTA talks on July 22, while Moldavia did this
    even earlier.

    ez cm

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