EU-Armenia continuous cooperation | EUNewsletter

EU-Armenia continuous cooperation

19 October 2015
ARS_3841

The 14th meeting of the EU-Armenia sub-committee on trade, economic and related legal issues took place on 16 October 2015 in Yerevan.
ARS_3849The Head of the EU Delegation to Armenia, Piotr Switalski, welcomed those present and outlined the goals on EU-Armenia cooperation: ‘Even if the new cooperation agreement will be limited with regard to trade-related issues, it will have a very beneficial role in boosting relations between the EU and Armenia. I hope that the negotiations on a new agreement will be conducted in a very constructive and speedy fashion and an agreement achieved very soon. Trade is the basis of everything and the EU pays particular attention to developing a good trade relationship with Armenia. The EU is the largest export market for Armenia, and we are ready to provide new opportunities for the country. Armenia is already benefiting from being a part of the generalised scheme of preferences plus (GSP+), and Armenian products have privileged access to European markets. As we all know, there is much more potential and I hope that Armenia will develop a good strategy for promoting its products, so that they can be competitive in the European market’.
ARS_3846Armenian Deputy Minister of Economy Garegin Melkonyan underlined the importance of continuous cooperation between the EU and Armenia: ‘Today we are starting discussions on very important cooperation issues. There have been several developments, one I will mention now. A couple of days ago the EU published its decision about approving a mandate to negotiate a new bilateral agreement with Armenia; we hope that we will start the negotiations before the end of the year. We have many occasions to talk about the importance of the EU GSP+, because it provides the opportunity to export Armenian products to the European market under better conditions. On 4 November we are going to have a meeting of the EU-Armenia committee here in Yerevan, where we will have the opportunity to discuss all the relevant issues. On 19-20 November our official delegation, led by the minister, plans to visit Brussels and I hope that we will sign at least two important documents’.
ARS_3844Luc Devigne, Co-chairman of the meeting, talked about the planned topics for discussions during the meeting: ‘Since Armenia decided to choose another path and to join the Eurasian Union, we need to launch the so-called scoping exercises to see what can be done taking into account Armenia’s decision. I am happy that EU member states agreed to start negotiations on a new mandate which includes trade. The EU continues cooperating with Armenia and will not punish the country for its choices. Maybe others would apply sanctions or embargoes, but it is not our policy. We continue to support Armenia’.
During the event, an overview of current trends in economic activity, foreign trade and balance of payments, monetary and exchange rate developments, the budgetary situation, cooperation with the International Monetary Fund and World Bank, as well as economic trends in the EU and recent EU economic policy measures, were discussed. When the sides started discussions on trade issues, the core topics were recent developments in EU-Armenia bilateral trade, including the EU GSP+ for Armenia, and the Armenian market economy status. During the meeting, investment and competition issues and public finance management reforms were also explored.

EU-Armenia continuous cooperation

The 14th meeting of the EU-Armenia sub-committee on trade, economic and related legal issues took place on 16 October 2015 in Yerevan. ARS_3849The Head of the EU Delegation to Armenia, Piotr Switalski, welcomed those present and outlined the goals on EU-Armenia cooperation: ‘Even if the new cooperation agreement will be limited with regard to trade-related issues, it will have a very beneficial role in boosting relations between the EU and Armenia. I hope that the negotiations on a new agreement will be conducted in a very constructive and speedy fashion and an agreement achieved very soon. Trade is the basis of everything and the EU pays particular attention to developing a good trade relationship with Armenia. The EU is the largest export market for Armenia, and we are ready to provide new opportunities for the country. Armenia is already benefiting from being a part of the generalised scheme of preferences plus (GSP+), and Armenian products have privileged access to European markets. As we all know, there is much more potential and I hope that Armenia will develop a good strategy for promoting its products, so that they can be competitive in the European market'. ARS_3846Armenian Deputy Minister of Economy Garegin Melkonyan underlined the importance of continuous cooperation between the EU and Armenia: 'Today we are starting discussions on very important cooperation issues. There have been several developments, one I will mention now. A couple of days ago the EU published its decision about approving a mandate to negotiate a new bilateral agreement with Armenia; we hope that we will start the negotiations before the end of the year. We have many occasions to talk about the importance of the EU GSP+, because it provides the opportunity to export Armenian products to the European market under better conditions. On 4 November we are going to have a meeting of the EU-Armenia committee here in Yerevan, where we will have the opportunity to discuss all the relevant issues. On 19-20 November our official delegation, led by the minister, plans to visit Brussels and I hope that we will sign at least two important documents'. ARS_3844Luc Devigne, Co-chairman of the meeting, talked about the planned topics for discussions during the meeting: 'Since Armenia decided to choose another path and to join the Eurasian Union, we need to launch the so-called scoping exercises to see what can be done taking into account Armenia's decision. I am happy that EU member states agreed to start negotiations on a new mandate which includes trade. The EU continues cooperating with Armenia and will not punish the country for its choices. Maybe others would apply sanctions or embargoes, but it is not our policy. We continue to support Armenia'. During the event, an overview of current trends in economic activity, foreign trade and balance of payments, monetary and exchange rate developments, the budgetary situation, cooperation with the International Monetary Fund and World Bank, as well as economic trends in the EU and recent EU economic policy measures, were discussed. When the sides started discussions on trade issues, the core topics were recent developments in EU-Armenia bilateral trade, including the EU GSP+ for Armenia, and the Armenian market economy status. During the meeting, investment and competition issues and public finance management reforms were also explored.