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EU Council Adopts Temporary Trade Measures for Armenia

EU Council adopts temporary trade measures to reduce import tariffs for Armenia

Public Radio of ArmeniaSep 24, 20261 min readOriginal: Public Radio of Armenia
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The European Union Council has formally adopted temporary trade-liberalization measures to support Armenia's economy following recent Russian trade restrictions. The measures will suspend import duties on approximately 80% of Armenian exports to the EU, including certain agricultural products, for a two-year period.

The preferential arrangement aligns with the EU-Armenia Comprehensive and Enhanced Partnership Agreement and includes safeguard provisions to protect EU producers if imports cause market disruption. The regulation follows a European Parliament vote approving the Commission's proposal without amendments.

"We are stepping up our support for Armenia and its people, who have clearly chosen a pro-European path," said Irish Foreign Minister Helen McEntee. The regulation will enter into force the day after publication in the EU Official Journal and remain in effect for two years.

Tags:#eu-trade#armenia-economy#tariffs
This story was summarized from Public Radio of Armenia. Read the full article at the source.

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