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EU decides to start talks with Armenia on creating a free trade zone

Creating a free trade zone with Armenia should become a turning point in the development of trade relations

BRUSSELS, February 20 (Itar-Tass) — The European Union has taken a decision to start talks with Armenia on setting up a free trade zone in a bid to step up financial growth and attract investments into the country’s economy.

In a statement circulated on Monday, the EU said the talks on creating a free trade zone with Armenia should become a turning point in the development of trade relations.

The EU and Armenia entered a new stage that would allow both parties to reach a new level in economic relations, European Commissioner for Trade Karel De Gucht said. The creation of a free trade zone will allow the republic to get access to the European market and facilitate the economic growth in the country, Gucht said.

Since July 2010 the European Union held talks with Armenia within the Eastern Partnership to sign an Association Agreement.

The European Union is Armenia’s key trade partner. In 2011 trade turnover reached 960 million euros.

Bombs with power of 13 kilos of trotyle found in Russia’s Kabardino-Balkaria

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US military advisers, if sent to Ukraine, won’t come close to frontlines — Pentagon

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Global community condemns use of terrorists in geopolitical struggle — Russian official

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FSB nabs Neo-Nazi group members in Volgograd Region plotting high-profile terror act

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Kiev troops may strike targets in Crimea with ATACMS missiles — newspaper

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Polish leader cautions NATO allies against provoking Russia

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Iran calls on BRICS states to facilitate ceasefire in Gaza Strip

Iranian Deputy Foreign Minister Ali Bagheri Kani called for a complete withdrawal of Israeli troops from Gaza

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Kremlin unconcerned by European Parliament’s resolution on Russian election

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The event brought together almost 200 diplomats, foreign ministry staffers and experts in international relations

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Ukrainian army strikes own surrendering soldiers — POW

Andrey Babenko said that after a crash course in Britain he had been sent to the frontline near Liman

North Korea to take part in SPIEF — Embassy in Russia

The 27th St. Petersburg International Economic Forum will be held on June 5-8, 2024

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SCO expects Belarus to join the organization very soon — Shoigu

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Russia appreciates Bolivia’s push to defend sovereignty, Lavrov says

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