The Armenia-European Union Agreement: What You Need to Know
The Armenia-European Union Comprehensive and Enhanced Partnership Agreement (CEPA) was signed on November 24, 2017. The agreement is aimed at strengthening the political and economic relations between Armenia and the European Union (EU).
The agreement establishes a new framework for Armenia-EU cooperation and covers a wide range of issues such as trade, investments, education, research and development, energy, and cultural exchange. It also creates a platform for regular political dialogue between the two parties.
One of the key features of the agreement is the establishment of a deep and comprehensive free trade area between Armenia and the EU. This will enable Armenia to access the EU market with zero tariffs and benefit from the EU’s expertise in trade. The agreement also includes provisions aimed at protecting intellectual property rights, promoting fair competition, and enhancing cooperation in the areas of customs and trade facilitation.
In addition to trade, the agreement also focuses on strengthening cooperation in the areas of energy and transport. The EU has expressed its commitment to supporting Armenia’s efforts to improve its energy infrastructure, increase its energy efficiency, and promote the use of renewable energy sources. The agreement also includes provisions aimed at developing transport infrastructure and improving transport links between Armenia and the EU.
The agreement also promotes cooperation in the areas of education, research, and innovation. It establishes a framework for cooperation between Armenian and EU universities and research institutions, as well as promoting exchanges of students and researchers. This will help to promote the exchange of knowledge and expertise, and support the development of innovative solutions to common challenges.
The agreement also includes provisions aimed at promoting cultural exchange and enhancing people-to-people contacts. This includes cooperation in the areas of culture, sport, and youth.
Overall, the Armenia-European Union Comprehensive and Enhanced Partnership Agreement is an important step forward in strengthening the relationship between Armenia and the EU. It provides a new framework for cooperation and will help to promote economic growth, improve infrastructure, and enhance cultural exchange between the two parties.
As Armenia continues to implement reforms and modernize its economy, the agreement provides an important opportunity for the country to benefit from the EU’s expertise and experience. It also helps to consolidate Armenia’s position as a strategic partner for the EU in the region.