Creation of free trade zone will secure Armenia's integration into European marketJuly 19, 2010 - 16:50 AMT PanARMENIAN.Net - 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. Top stories 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 | Greece says ready to help as Armenia fights flooding consequences Greece is ready to assist Armenia in combatting the consequences of deadly floods in the country’s north. “He will leave”: Protest leader no longer demands meeting with Pashinyan Archbishop Bagrat Galstanyan no longer demands a meeting with Armenian Prime Minister Nikol Pashinyan. Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. |