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The EU decided to launch negotiations on a deep and comprehensive free trade area with Armenia in order to boost economic growth and investment with this Eastern European Partner, according to the European Commission press release.

The negotiations will not only tackle market access conditions but also focus on regulatory approximation, which will help to achieve a closer economic integration of Armenia with the EU, the European Commission said.

“The opening of free trade negotiations mark a turning point in our trade relations with Armenia. We are entering a new phase that will bring our economic ties to a new level of depth and ambition," said EU Trade Commissioner Karel De Gucht. "The EU is Armenia's first trading partner and a deep and comprehensive free trade area will give Armenia a more favorable access to the European Single Market thereby helping to boost economic growth in the country."

"This is a further sign of the strengthening of our political and economic ties. Launching DCFTA negotiations is one more step towards closer economic integration which is one of the cornerstones of our relations with countries of Eastern Partnership," said Commissioner for Enlargement and European Neighbourhood Policy Štefan Füle.