Customs Union, European Free Trade Association to negotiate creation of free trade zoneNovember 22, 2010 - 16:34 AMT PanARMENIAN.Net - On November 23, official negotiations between Customs Union states and European Free Trade Association on creation of free trade zone will be launched in Geneva. The idea of free trade zone creation was initiated by Russia. The parties are expected to reach an agreement on cooperation in the spheres of trade, services, investments, competition and intellectual property protection, vesti.kz reported. Current members of European Free Trade Association (EFTA), customs union and trading block are Iceland, Liechtenstein, Norway, and Switzerland. Customs union became the second EFTA partner, who entered into negotiations with Kazakhstan and Belarus, presented as a single regional block. EFTA strives towards goals: to establish free trade among members and to seek a broader economic union with the rest of Western Europe. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia provides info about arrested Armenian ex-MP Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan. Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”. 41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience. Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |