ARMENIA AND GEORGIA HAVE NOT FULLY USED THE EU PREFERENTIAL TRADE REGIME

ArmInfo
2010-02-22 09:49:00

ArmInfo. Armenia and Georgia have not fully used the European Union
generalized system of preference (EU GSP+), Raul de Luzenberger, Head
of the European Union Delegation to Armenia, said at the opening of the
annual International Economic Forum BRIDGE 2010, on Monday in Armenia.

He said the European Union was interested in trade with Armenia and
suggested preferential treatment in the form of zero customs rates for
Armenia. The EU assists Armenia and Georgia in making reforms that
allow trading with the European countries. However, these reforms
are not always easy to make, he said. Raul de Luzenberger is sure
that integration like a certain form of security is very important
for business and for the country in general. In the given context,
the EU is expecting Armenia to open its economy and form equal market
conditions.

Armenia and the EU launched the free trade regime in 2007. Till the
end of 2008 Armenia and the EU traded on the generalized system
of preference (GPS) that implied export of Armenian goods to the
European market on reduced tariffs. On January 1 2009 Armenia joined
GPS+ suggesting duty-free access to the EU market for around 6400
tariff lines.