Armenia-EU trade and economic cooperation discussed in Yerevan

PanARMENIAN.Net - On April 2, 2008 the 7th regular of the EC-Armenia Subcommittee on Trade, Economic and Related Legal Issues was held in Yerevan, reported the press office of the Delegation of the European Commission to Armenia.



The co-chairman from the Armenian side was Deputy Minister of Trade and Economic Development Mr. Vahe Danielyan, and the European side was represented by Mr. Andres-Maldonado, Head of Unit, Southern Caucasus and Central Asia Unit (RELEX).



Representatives from Armenian ministries, H.E. Raul de Luzenberger, Ambassador, Head of the EC Delegation to Armenia, other members of the Delegation and representatives from the European Commission participated in the meeting.



During the meeting the following topics were discussed - implementation of Partnership and Cooperation Agreement signed between RA and EU and issues related to the implementation of the ENP Action Plan, including Armenia's economic development since the previous meeting, and improvement of the investment and business climate.



The parties also discussed possible options for further strengthening bilateral trade relations, including the state of play of the EU feasibility study on the possible creation of a Free Trade Area between the RA and the EU, the possible granting of Market Economy Status by the EU to Armenia, and possibilities for Armenia to benefit more from the European Union's Generalized System of Preferences and to perhaps gain access to the EU's enhanced Generalised System of Preferences known as GSP+.