July 19, 2010 - 16:50 AMT
Creation of free trade zone will secure Armenia's integration into European market

Gunnar Wiegand, European Commission’s Director for Eastern Europe, South Caucasus and Central Asia said that signing of the agreement on a free trade zone between Armenia and EU will allow securing Armenia's deeper and comprehensive economic integration into the European market.

“Creation of a free trade zone with Armenia envisages that the republic should bring its economic standards in compliance with the European market's criteria,” Wiegand told a press conference in Yerevan.

“The negotiations on creation of a free trade zone make a part of negotiations on Association Agreement between Armenia and EU. We cooperate with the RA Ministry of Economy and expect Armenia to take action to that end,” he said.