EU-Armenia Subcommittee meeting kicks off in YerevanJune 16, 2010 - 12:16 AMT PanARMENIAN.Net - The 9th EU-Armenia Subcommittee meeting on trade, economic and related legal issues kicked off in Yerevan on June 16. “The President of Armenia has numerously stated that Armenians feel like a European nation. Cooperation in such format allow us to introduce European standards and values in our everyday life and economy,” Mushegh Tumasyan, RA Deputy Economy Minister, said in his opening remarks. The topics under discussion at the subcommittee include macroeconomic developments in Armenia, recent developments in the EU-Armenia bilateral trade, prospects for establishing an EU-Armenia Deep and Comprehensive Free Trade Area, developments in a number of trade and investment related regulatory areas such as technical regulations and standards, sanitary and phytosanitary issues, intellectual property rights and tax & customs issues. The subcommittee will also discuss EU trade-related assistance to Armenia, including preparations of the new Comprehensive Institution Building (CIB) program. Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news |