Armenia-EU free trade zone agreement won’t affect ties with RussiaMarch 15, 2012 - 15:55 AMT PanARMENIAN.Net - Free trade zone formation agreement between the EU and Armenia and development of economic ties with Europe won’t hamper further deepening of relations between Armenia and Russia, Armenian National Assembly member said. According to Karen Tchmarityan, Armenia has trade agreements with CIS all member-countries, and advancement of trade relations with the EU will result in opening new platforms for realization of the Armenian product, which in term will boost the country’s investment climate. Armenian President Serzh Sargsyan and President of the European Commission, José Barroso, officially launched the negotiations for Deep and Comprehensive Free Trade Area (DCFTA) between Armenia and the EU. “The DCFTA has the potential to boost the Armenian economy, as it will speed up anyway necessary reforms. If properly implemented, it can offer a new perspective for the Armenian economy, access to the Single European Market, ease the effects of the Turkish border blockade, and generally upgrade Armenia’s standards to a European level,” said EuFoA Senior Research Fellow, Dr Sargis Ghazaryan. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |