Armenia is expecting to sign a new framework agreement with the European Union during Estonia’s presidency at the Council of Europe, foreign minister Edward Nalbandian told a press conference on Tuesday, June 13.

“Estonia will assume EU chairmanship on July 1, and Armenia is expecting to sign the Comprehensive and Enhanced Partnership Agreement with the bloc during that period,” Nalbandian said.

Estonia’s presidency will end in December 2017, which means that the agreement will be signed by the end of the year.

Speaking after a meeting with his Estonian counterpart Sven Mikser, Nalbandian said there is a bigger potential of cooperation between the two countries than the $10 million trade turnover, registered in 2016.

Mikser will on Tuesday meet with president Serzh Sargsyan, prime minister Karen Karapetyan and National Assembly speaker Ara Babloyan.