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The new agreement, which was initialled at a ceremony at the Ministry of Foreign Affairs of Armenia in the capital, Yerevan, will strengthen political dialogue between the EU and Armenia and set a solid basis for the continuation of economic and social reforms. Strong commitments to democracy, human rights, and the rule of law underpin this new agreement and our future cooperation.
Today's initialling ceremony took place less a month after negotiations on the text were concluded during a visit to the EU institutions in Brussels by the President of Armenia, Serzh Sargsyan, on 27 February. The Comprehensive and Enhanced Partnership Agreement will create the framework for stronger cooperation in sectors such as energy, transport and the environment, and for increased mobility for the benefit of the citizens. Trade provisions of the new agreement look to bring tangible benefits to both European and Armenian citizens. The agreement will enable closer economic cooperation by improving the regulatory environment for business, and will remove barriers to trade in services between the EU and Armenia, bringing opportunities for business, investment and jobs.
By taking into account the new global, political and economic interests that we share, the Comprehensive and Enhanced Partnership Agreement will enable us to take our bilateral relations with Armenia to the next level.