European Union External Action

New agreement between the EU and Armenia will bring tangible benefits to citizens

24/11/2017 - 18:41
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The new EU-Armenia Comprehensive and Enhanced Partnership Agreement (CEPA) was signed in the margins of the Eastern Partnership Summit on 24 November 2017.

Armenia, CEPA, EU foreign policy, EEAS, Mogherini, Eastern Partnership

"The Agreement will have a real impact on people's lives, a positive one, both in Armenia and in the European Union. It will allow us to strengthen our cooperation on security matters, in particular through increasing resilience; to improve the investment climate, stimulating growth and jobs; and to find environmentally-friendly solutions to help communities prosper and businesses grow", said EU High Representative Federica Mogherini.

Some of the concrete ways in which the new agreement is expected to bring added value to citizens both in Europe and Armenia are:

  • A better investment climate: A better regulatory environment will improve the business climate and investment opportunities for Armenian and EU companies, encouraging Armenian companies to sell more goods and services to the EU and the EU companies to open subsidiaries in Armenia, which will contribute to economic growth and job creation.
  • A more empowered civil society: An independent civil society platform composed of Armenian and EU organisations will be set up to monitor the implementation of the agreement.
  • A safer living environment: The EU and Armenia will increase their cooperation in preventing and fighting crime, including terrorism.
  • Fairer and more transparent procurement procedures: Clearer rules on publication of tenders and review procedures will help to prevent corruption and discrimination.
  • Improved product safety and consumer protection: Armenia will seek to reduce differences with regard to EU standards to further protect the health and safety of consumers.
  • A cleaner, healthier environment: The EU will support Armenia’s adoption of EU environmental standards as well as its development of clean sources of energy.

 

Armenia, Eastern Partnership, Mogherini, EEAS, EU foreign policy, EU neighbourhood policy

 

Through this agreement, the EU-Armenia partnership will continue to be anchored and based on the shared common principles and strong commitment to democracy, human rights and the rule of law.