European Union approves trade liberalization for Armenian exports

trade liberalization import duties Armenian exports economic coercion South Caucasus

The European Union Council has agreed to introduce temporary trade liberalization measures for Armenian products to support the country's economy. The decision follows trade restrictions imposed by Russia that have disrupted Armenian exports and transit routes.

The measures will allow for the liberalization of approximately 80% of Armenia's total exports to the EU. This includes nearly 99% of Armenia's exports of fresh fruit, vegetables, and plants, as well as over 91% of its exports of beverages and spirits. The regulation, which is expected to be swiftly adopted following approval by the European Parliament, will remain in effect for two years from its entry into force.

To protect the EU market, the arrangement includes safeguard measures and is conditional on Armenia complying with rules of origin, engaging in administrative cooperation, and respecting democratic principles, the rule of law, and human rights as outlined in the Comprehensive and Enhanced Partnership Agreement (CEPA).

Sources

EU’s Armenia decision: 80% concession and new double standard in S. Caucasus [www.europesays.com]

6 days ago

EU trade measures cover almost 99% of Armenian fresh produce exports [www.hortidaily.com]

7 days ago