The FINANCIAL — Negotiations on the new EU-Armenia agreement were launched in Brussels yesterday by EU High Representative Federica Mogherini and Armenian Foreign Minister Edward Nalbandian.
Speaking at the launch of the negotiations, Mogherini said: “Our shared common values and strong commitment to democracy, human rights, rule of law will be at the basis of the new agreement,” adding that it would “create favourable conditions for stronger cooperation in sectors such as energy, transport, and environment.”
The future agreement should:
– offer a comprehensive framework covering political, economic and sectoral cooperation,
– strengthen cooperation in areas such as energy, transport and environment sectors,
– develop new opportunities for both sides’ trade and investment,
– increase mobility to the benefit of citizens, both in the EU and in Armenia.
The future Agreement will replace the current Partnership and Cooperation Agreement (1999) and reset EU-Armenia relations within the wider framework of the recently-reviewed European Neighbourhood Policy and of the Eastern Partnership, according to EU Neighbourhood Info.
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