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The Armenia-EU agreement does not affect the economy

Summary of Disinformation

The enhancement of cooperation with the European Union concerns modernization of our society in the first place. It is about good governance, human rights. It almost does not deal with economy.

Disproof

We have already seen several disinformation stories concerning the cooperation between the EU and the Eastern Partnership countries; many of those myths are debunked here https://eeas.europa.eu/eap-myths. In fact, the comprehensive and enhanced partnership agreement between the EU and Armenia (CEPA) is mainly about economy. For example, the Agreement will provide a better regulatory environment, that will improve the business climate and investment opportunities for Armenian and EU companies, it also foresees liberalisation of bilateral trade in many services sectors which means that Armenian businesses will be able to participate in public procurement tenders in the EU and vice versa and it includes measures to reduce unnecessary barriers to trade. For example, public consultations on regulations affecting consumer products will be extended to companies of the other party, and cumbersome labelling requirements will be avoided. As a result, more companies will be able to offer their products in Armenian and the EU markets, ensuring competitive prices.

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Reported in: Issue 88
Date: 01.11.2017
Language: Russian
Country of Origin: Armenia, EU
Reported by: SUT.am https://sut.am/en/archives/2002
Keywords: Eurasian economic union, Eastern Partnership, EU
Outlet where the disinformation appeared: bmf.ru
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