Creation of free trade zone will secure Armenia's integration into European market

Creation of free trade zone will secure Armenia's integration into European market
July 19, 2010 - 16:50 AMT

PanARMENIAN.Net - Gunnar Wiegand, European Commission’s Director for Eastern Europe, South Caucasus and Central Asia said that signing of the agreement on a free trade zone between Armenia and EU will allow securing Armenia's deeper and comprehensive economic integration into the European market.

“Creation of a free trade zone with Armenia envisages that the republic should bring its economic standards in compliance with the European market's criteria,” Wiegand told a press conference in Yerevan.

“The negotiations on creation of a free trade zone make a part of negotiations on Association Agreement between Armenia and EU. We cooperate with the RA Ministry of Economy and expect Armenia to take action to that end,” he said.

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