Potential impacts of the DCFTA | EUNewsletter

Potential impacts of the DCFTA

15 May 2013

A workshop on the potential impacts of the proposed EU-Armenia Deep and Comprehensive Free Trade Agreement (DCFTA) was organised on 17 April 2013. It was specifically held for civil society representatives to understand the economic, social, human rights and environmental impacts of the DCFTA.
The event was organized within the framework of the “Trade Sustainability Impact Assessment (TSIA)” project. In parallel with the DCFTA negotiation process, the European Commission contracted an independent study aimed at assessing the potential economic, social and environmental effects of the DCFTA with the consortium of Ecorys (Netherlands) and CASE (Poland).
Onno Simons, the Head of the Political, Economic, Press and Information Section of the EU Delegation to Armenia, stressed that the aim of the workshop was to inform civil society and key stakeholders about the study, including key objectives, methodology and the process. The workshop was also aimed at promoting an interactive dialogue between different players in order to complement the TSIA process with feedback from stakeholders on the intermediate results of the study.

‘My colleagues from Brussels are at the moment negotiating the fifth round of negotiations for the DCFTA. They estimate there will be one more round of negotiations and hope to finalise the agreement by November [2013]. The idea is that the DCFTA will become operational sometime in 2014’, said Simons.

The preliminary results obtained so far by the Ecorys-CASE consortium suggested that the DCFTA should have a significantly positive effect on the Armenian economy. GDP should increase by more than 2 percent. Exports are estimated to increase by 15 percent, while imports are expected to increase at a slower rate of 8 percent.

In February 2012 the EU and the Republic of Armenia launched formal negotiations for the DCFTA, which will become a core element of the new Association Agreement. The DCFTA will include commitments from both partners in the areas of tariffs, the reduction of non-tariff barriers and the liberalisation of services.

More information concerning the project and the study can be found here: http://tsia.ecorys.com/armenia/.

Potential impacts of the DCFTA

A workshop on the potential impacts of the proposed EU-Armenia Deep and Comprehensive Free Trade Agreement (DCFTA) was organised on 17 April 2013. It was specifically held for civil society representatives to understand the economic, social, human rights and environmental impacts of the DCFTA. The event was organized within the framework of the “Trade Sustainability Impact Assessment (TSIA)” project. In parallel with the DCFTA negotiation process, the European Commission contracted an independent study aimed at assessing the potential economic, social and environmental effects of the DCFTA with the consortium of Ecorys (Netherlands) and CASE (Poland). Onno Simons, the Head of the Political, Economic, Press and Information Section of the EU Delegation to Armenia, stressed that the aim of the workshop was to inform civil society and key stakeholders about the study, including key objectives, methodology and the process. The workshop was also aimed at promoting an interactive dialogue between different players in order to complement the TSIA process with feedback from stakeholders on the intermediate results of the study. ‘My colleagues from Brussels are at the moment negotiating the fifth round of negotiations for the DCFTA. They estimate there will be one more round of negotiations and hope to finalise the agreement by November [2013]. The idea is that the DCFTA will become operational sometime in 2014’, said Simons. The preliminary results obtained so far by the Ecorys-CASE consortium suggested that the DCFTA should have a significantly positive effect on the Armenian economy. GDP should increase by more than 2 percent. Exports are estimated to increase by 15 percent, while imports are expected to increase at a slower rate of 8 percent. In February 2012 the EU and the Republic of Armenia launched formal negotiations for the DCFTA, which will become a core element of the new Association Agreement. The DCFTA will include commitments from both partners in the areas of tariffs, the reduction of non-tariff barriers and the liberalisation of services. More information concerning the project and the study can be found here: http://tsia.ecorys.com/armenia/.