European Commission to grant temporary trade preferences to support Armenian exports to EU
The European Union is granting temporary trade preferences to Armenia to support its producers and exporters, the EC press office said.
The European Commission has announced it will grant temporary trade preferences to Armenia, aimed at supporting its producers and exporters. This decision, effective from October 10 for a two-year period, will partially liberalize nearly 80% of Armenian exports to the EU, including almost all fresh fruit, vegetable, and flower shipments impacted by Russian actions, as well as over 91% of beverage and spirit exports.
The EC believes these preferences will aid Armenian producers and exporters in coping with their challenging circumstances and bolster the resilience of Armenia's economy by granting easier access to the EU market. However, the arrangement comes with conditions, including safeguard measures to shield the EU market in case Armenian imports adversely affect EU producers. These trade preferences form part of a wider support package for Armenia.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
