Nikol Pashinyan and Ursula von der Leyen
The measures are aimed at supporting Armenia’s economy following the introduction of trade restrictions by Russia. According to the Council of the EU’s website, they will remain in force for two years.
Under the new regime, import duties will be waived on a wide range of Armenian goods, including certain types of agricultural produce.
The Council of the EU noted that these measures will help to maintain and strengthen trade flows from Armenia to the EU in line with the objectives of the Comprehensive and Enhanced Partnership Agreement (CEPA).
“We are strengthening our support for Armenia and its people, who, despite external pressure, have clearly chosen the European path. Today’s decision will help the Armenian economy, which has suffered from trade restrictions, and shows that our partners can always count on the EU’s support,” said Helen McEntee, Ireland’s Minister for Foreign Affairs and Trade.
However, the preferential regime includes certain conditions and safeguard mechanisms for the European market in the event that imports of Armenian goods cause harm to EU producers. Such measures may be applied if delays in deliveries result in damage to the European market, or if one or more EU Member States determine that Armenian products are in direct competition with their own.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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