EU Council approves two-year trade liberalization with Armenia

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The EU Council approved temporary trade liberalization measures with Armenia, suspending import duties on about 80% of Armenian exports to the EU. The measures aim to support Armenia's economy after Russian trade restrictions and will apply for two years.
Key Facts
- The EU Council approved temporary trade liberalization measures with Armenia, suspending import duties on about 80% of Armenian exports to the EU.
- The measures will apply for two years and include suspension of import duties on a wide range of Armenian goods, including some agricultural products.
- The European Parliament approved the European Commission's proposal without amendments before the Council's final decision.
- The regulation must be signed and published in the EU Official Journal, and will enter into force the day after publication.
Trade Liberalization Measures
The EU Council approved temporary trade liberalization measures with Armenia, suspending import duties on about 80% of Armenian exports to the EU. The measures aim to support Armenia's economy after trade restrictions imposed by Russia. Import duties will be suspended on a wide range of Armenian goods, including some agricultural products. The measures will apply for two years and are intended to maintain and strengthen trade flows from Armenia to the EU in line with the Comprehensive and Enhanced Partnership Agreement (CEPA).
Safeguards and Conditions
The EU Council stated that the measures include certain conditions and safeguard measures for the EU market in case imports negatively affect European producers. The European Parliament approved the European Commission's proposal without amendments at a plenary session before the Council's final decision. The regulation must now be signed and published in the EU Official Journal. It will enter into force the day after publication and will apply for two years.