Envoy: EU is Armenia's biggest export market
The European Union is Armenia’s biggest export market, Head of the EU delegation to Armenia, Ambassador Piotr Świtalski told reporters in a media briefing on Wednesday.
According to him, the EU seeks to expand trade ties with Armenia, stressing the need to support the Armenian government in this respect.
The top EU official highlighted the Comprehensive and Enhanced Partnership Agreement (CEPA) signed between Armenia and the EU in November 2017 as a tool to attract new investments and further boost the bilateral cooperation.
“We should jointly discuss what needs to be done to make Armenia more attractive for investments,” the envoy said.
Touching upon Armenia-enjoyed GSP+ privileged trade regime with the EU countries, Świtalski said it is very beneficial for Armenia since the country saves some €40 million annually under the regime. Meantime, he says there are some issues, but the EU stands ready to support Armenia to deal with them.