The four main areas of cooperation are: strengthening institutions and good governance; economic development and market opportunities; connectivity, energy efficiency, environment and climate action, and finally mobility and people-to-people contacts. The EU has earmarked around € 160 million for Armenia for the period 2017-2020.

"The European Union and Armenia are, with these Partnership Priorities, further enhancing our already strong friendship and cooperation", said Mogherini. "Combined with our new Comprehensive and Enhanced Partnership Agreement that we signed only three months ago at the Eastern Partnership Summit in Brussels, we are reinforcing our joint commitment to delivering positive results in areas that really make a difference to peoples' lives, both in the EU and in Armenia. We stay engaged to push ahead and work to turn those commitments into reality."

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Some of the concrete ways in which the new EU-Armenia Comprehensive and Enhanced Partnership 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.