Brussels took a decision about starting negotiations on the DCFTA with Yerevan. The free trade area would be a part of a broader Association Agreement that was worked out with Armenia in July 2010, within the framework of the Eastern Partnership and European Neighbourhood Policy.
Conditions for initialling trade negotiations included Armenia implementing “key recommendations”. Brussels helped Yerevan in the process through technical aid within the framework of the European Neighbourhood Partnership Instrument and the programme of institutional development (Comprehensive Institution Building). Moreover, Armenia was supported by several EU countries’ programmes set up locally, with “Polish Aid“ being an exemplary project. EU Trade Commissioner Karel De Gucht said: “The opening of free trade negotiations mark a turning point in our trade relations with Armenia. We are entering a new phase that will bring our economic ties to a new level of depth and ambition”.
Actions of the European Union in the South Caucasus aim at strengthening political stability and security in the whole region. Armenia’s economic environment would benefit from the DCFTA and opening the EU market, enabling diversification and strengthening of the export sector.