EU Parliament approves trade measures supporting Armenian exports
European Parliament to approve trade liberalisation measures for Armenia, MEP Bogdan Zdrojewski tells Public Radio of Armenia
The European Parliament is set to approve temporary trade liberalization measures for Armenia on September 15, suspending import duties on approximately 80% of Armenian exports to the European Union. The initiative aims to support Armenia's economy following recent Russian trade restrictions and promote export diversification.
The measures will cover fresh fruits, vegetables, flowers, beverages, and spirits, along with select industrial products. Iron, steel, and aluminum exports will receive partial liberalization. According to European Parliament Member Bogdan Zdrojewski, the rapporteur on the proposal, the duty suspension will reduce costs for Armenian exporters and increase market competitiveness.
Russia currently accounts for roughly 89% of Armenia's fresh fruit and vegetable exports. The EU measures could redirect a significant portion of these exports to European markets. The initiative represents both an immediate response to Russian trade restrictions and a longer-term investment in Armenia's economic diversification, complementing broader EU-Armenia partnership initiatives.
