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Armenia approves Agreement on unified customs transit system of EAEU and a third party
At a meeting on Thursday, the Armenian government approved the Agreement on the unified customs transit system of the Eurasian Economic Union and a third party. YEREVAN, July 31. /ARKA/. ... ... country. The unified transit system will allow submitting a customs transit declaration once. That is, entities engaged in foreign trade will only face this process once, which will be recognized by the EAEU and the relevant countries,” Hakobyan noted. The ...
07/31/2025Economist: EU will not open its protected market with non-tariff restrictions to Armenia
The European Union will not open its protected market with non-tariff restrictions to Armenia, this is already obvious, said economist and political scientist Hrant Mikaelyan. YEREVAN, July 22. /ARKA/. The European ... ... the economic component, the European market is seriously protected. Those post-Soviet countries that signed the Association Agreement received some small benefit in trade relations with the EU. However, what is needed for the economic development of Armenia in such a format is impossible to ...
07/22/2025Armenia and EU note progress in partnership based on shared values
Armenia and the EU have noted progress in partnership based on shared values. This is ... ... Partnership Committee, established on the basis of the Comprehensive and Enhanced Partnership Agreement (CEPA), held in Brussels the day before. YEREVAN, July 9. /ARKA/. Armenia... ... inclusive regional connectivity, areas for economic diversification and expansion of mutual trade, ways to accelerate digital and green transformation, and deepen cooperation in...
07/09/2025Armenian government approved a proposal to sign an agreement on economic partnership between the EAEU and the UAE
On Thursday, at a regular meeting, the Armenian government approved a proposal to sign an agreement on economic partnership between the EAEU and its member states and the UAE. YEREVAN, June 26. /ARKA/. On Thursday,... ... which the parties are ready to provide tariff preferences were discussed. The agreement is aimed at liberalizing and simplifying trade in goods between the parties, including by reducing tariff and non-tariff barriers, promoting economic and trade cooperation ...
06/26/2025Armenia approves proposal to sign temporary trade agreement between the EAEU and Mongolia
The Armenian government approved a proposal to sign a temporary trade agreement between the EAEU and its member states and Mongolia at a regular meeting on Thursday. YEREVAN, June 26. /ARKA/. The Armenian government approved a proposal to sign a temporary trade agreement between the EAEU and its member states and Mongolia ...
06/26/2025Converse Bank Partners with IFC to Boost Trade Finance Capabilities
Converse Bank has secured trade finance line from the International Finance Corporation (IFC). YEREVAN, June ... ... has secured trade finance line from the International Finance Corporation (IFC). The agreement was signed on June 16 in Vienna by IFC's Regional Industry Manager, Financial... ... Grigoryan. It aims at strengthening Bank’s support for importers and exporters in Armenia and enhancing the Bank’s capacity to facilitate international trade, improve...
06/17/2025Head of State Revenue Committee of Armenia and Minister of Eurasian Economic Union discussed improving the legal framework for customs regulation
... EAEU were discussed at a meeting between the head of the State Revenue Committee of Armenia Eduard Hakobyan and the Minister of Customs Cooperation of the Eurasian Economic... ... discussed, in particular, the launch of relevant shipments within the framework of the agreement "On the unified system of customs transit of the Eurasian Economic Union... .... About Armenia and the EAEU According to Armstat, in 2024, the volume of Armenia's trade with the EAEU increased by 54%, exceeding $12.7 billion and amounting to more...
06/11/2025Japanese Parliament ratifies agreement on avoidance of double taxation with Armenia
The agreement on avoidance of double taxation between Armenia and Japan has been ratified by both houses of the Japanese Parliament, Deputy Chairman of the House of Councilors of the ... ... reported by the press service of the National Assembly of Armenia, Nagahama said that this will serve to increase bilateral trade turnover. Noting that there is significant potential for partnership in the field of high technologies, he confirmed his ...
06/03/2025EAEU is 11 years old: A History of Success – Ambassador of the Russian Federation to the Republic of Armenia S.P. Kopyrkin on EAEU Day
... dynamically developing integration organization, uniting Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, has proven its relevance ... ... production increased by 29.1%, agriculture - by 25.5%. Mutual trade within the Union reached 97.7 billion US dollars, which is ... ... with medical care. Children have access to school education. The Agreement on Pension Provision for Workers has been in force since ... ... By 2025, free trade agreements were signed with Vietnam, Iran, Serbia and Singapore, two non-preferential agreements were concluded ...
05/29/2025Armenian FM announces focus on mutually beneficial partnership with Russia
Armenia is focused on long-term and mutually beneficial partnership with the Russian Federation in all areas YEREVAN, May 21.... ... interaction on the platforms of multilateral and international associations," Mirzoyan said. In this context, he noted trade and economic cooperation within the EAEU, as well as the Free Trade Agreement between the Union and Iran, which entered into force on May 15, which will certainly contribute to the further implementation ...
05/21/2025Armenian-Austrian business forum to be held in Vienna in 2025
The Armenian-Austrian business forum is planned to be held in Vienna in 2025. As reported by the Armenian Ministry of Economy, an agreement on this was reached at a meeting between Deputy Minister Narek Hovakimyan and Director General for Economic Affairs,... ... Ministry for Economic Affairs, Energy and Tourism (BMWET), Co-Chairman of the Armenian-Austrian Intergovernmental Commission on Trade, Economic and Scientific-Technical Cooperation Florian Frauscher. YEREVAN, May 20. /ARКА/. The Armenian-Austrian business ...
05/20/2025Russian Foreign Ministry: Sergey Lavrov's visit to Armenia being worked out
The visit of Russian Foreign Minister Sergey Lavrov to Armenia is being worked out, said the official representative of the Russian Foreign Ministry Maria Zakharova. YEREVAN,... ... Russia and Armenia was becoming increasingly important in the EAEU format in connection with the recent ratification of the Free Trade Agreement with Iran. -0-
05/15/2025Central Bank considering several scenarios in context of global uncertainty
Chairman of the Central Bank of Armenia Martin Galstyan spoke about the scenarios that the regulator is working on in ... ... Galstyan identified a favorable outcome of this conflict. "The parties come to an agreement, as a result of which a positive sentiment follows, which has already manifested... ... (anti-Russian) sanctions will be lifted. European countries will join this agreement. Trade will intensify, relations will begin to normalize," he noted. At the same...
05/07/2025Creation of an effective system for protecting consumer rights is being discussed in Armenia
Armenian authorities are considering an initiative to create an effective consumer rights ... ... him, the adoption of the package is due to the Comprehensive and Enhanced Partnership Agreement (CEPA) between Armenia and the EU. “The current legislation lacks provisions... ... minister added that there are no norms prohibiting unfair, misleading and aggressive trade practices against consumers, there are no rules for providing information on the...
05/05/2025Armenia to receive up to 236 million euros from EIB for construction of Sisian-Kajaran highway
Armenia plans to ratify the financial agreement signed on November 12, 2024 with the European Investment Bank (EIB) for the construction of the Sisian-Kajaran road ... ... travel time will be reduced by one and a half hours. The construction of this section will also contribute to an increase in trade turnover, a reduction in transport costs, the attraction of transit transport and the development of tourism. -0- About ...
04/25/2025Armenia Greenlights CIS Customs Seals Agreement for Transport and Trade Documents
In its latest session, the Armenian government has given the go-ahead to an agreement regarding the procedure for applying customs seals and stamps on transport and trade documents by customs authorities across the CIS countries. YEREVAN, April 23. /ARKA/. In its latest session, the Armenian government has given the go-ahead to an agreement regarding the procedure for applying customs seals and stamps on transport ...
04/23/2025Armenia is interested in establishing cooperation with Congo in the diamond industry
Armenia is interested in signing an intergovernmental agreement (G2G) with Congo to establish long-term cooperation between the diamond industry workers of the two countries, said ... ... possibility of purchasing and importing rough diamonds from Angola. The day before, Papoyan informed Angolan Minister of Industry and Trade Rui Miguens de Oliveira that Armenia could annually import up to 1.5 million rough diamonds from Angola and process them ...
04/09/2025Montenegro attaches importance to consistent development of relations with Armenia - Deputy Prime Minister
... Deputy Prime Minister for Foreign and European Affairs Filip Ivanovic at a meeting with Armenian Prime Minister Nikol Pashinyan emphasized the importance of consistent development... ... Montenegro in political, economic and other areas. The sides discussed the expansion of trade and economic ties, cooperation in the fields of education and tourism. The sides... ... and Ivanovic discussed issues of regional importance, particularly the draft peace agreement between Armenia and Azerbaijan. Pashinyan emphasized the Armenian government's...
04/01/2025Armenia ratifies double taxation avoidance agreement with Hong Kong
On Wednesday, the National Assembly of Armenia ratified an agreement on the avoidance of double taxation of income between the Republic of Armenia and Hong Kong during its regular session.... ... Hong Kong during its regular session. The document, signed on June 14, 2024, in Yerevan, addresses tax issues arising in the trade and economic relations between the two countries. The agreement aims to reduce the negative impact of income tax barriers ...
03/26/2025Pashinyan and Kobakhidze discussed problems in the region, trade and economic cooperation
Armenian Prime Minister Nikol Pashinyan had a meeting today with Georgian Prime Minister ... ... paid to the main issues of the strategic partnership agenda, including cooperation in trade-economic, transportation and cultural areas. The sides also touched upon the problems... ... Kobakhidze noted that Georgia welcomes the completion of the negotiations on the peace agreement between Armenia and Azerbaijan, which is 'a historic step towards lasting...
03/20/2025Armenian parliamentary committee approves double taxation agreement with Hong Kong
The Parliamentary Committee on Economic Affairs gave a positive conclusion regarding the ratification of the agreement on the elimination of double taxation of income between Armenia and Hong Kong during a meeting on Wednesday. YEREVAN, March 19. /ARKA/. The Parliamentary Committee on Economic Affairs ... ... the principles of the Organization for Economic Cooperation and Development. The document regulates tax issues arising from trade and economic relations between the contracting countries," Hovhannisyan noted. According to him, the agreement aims ...
03/19/2025Armenia is ready to deepen trade and economic relations with EU in all areas – Minister
Armenia is ready to continue and deepen its trade and economic relations with the EU in all possible areas, said Economy Minister Gevorg Papoyan on March 18 during a meeting ... ... touched upon issues related to the implementation of the provisions of the Armenia-EU Comprehensive and Enhanced Partnership Agreement (CEPA), the rebranding and marketing process for the new "Armenian Cognac" name, entrepreneurship support ...
03/19/2025Opening of Armenian-Turkish border will open new economic prospects for both countries — Rubinyan
Opening of the Armenian-Turkish border will create big economic opportunities not only for Armenia, but also for Turkey and other countries in ... ... relations between Armenia and Turkey. "For example, the resumption of flights between Yerevan and Istanbul, the start of air trade between our countries. There are still some agreements that we are working on, such as the reconstruction of the historic bridge on the border. However, the most important ...
03/14/2025Armenia and UAE discuss development of trade and economic relations
During his visit to the UAE, Armenian Economy Minister Gevorg Papoyan discussed the development of trade and economic relations between the two countries with Sheikh Saud bin Saqr al-Qasimi, a member of the Supreme Council and ... ... Supreme Council and Mayor of Ras al-Khaimah. The meeting also covered the specifics of Armenia's investment environment and the Agreement on Services, Trade, and Investments between Armenia and the UAE, which is aimed at promoting the development of economic ...
02/21/2025Armenia's Shift Towards the EU Could Inflict Severe Economic Pain – Financier (EXCLUSIVE)
Armenia's sharp turn from the EAEU to the EU is unclear from an economic standpoint,... ... recently had, thanks to integration with the EAEU, which has significantly facilitated trade," he added. According to Armstat, Armenia’s foreign trade turnover in 2024... ..., that is not already covered by the current Comprehensive and Enhanced Partnership Agreement (CEPA) between Armenia and the EU. "This agreement covers almost all...
02/14/2025Armenian Foreign Minister: dialog with US will be continued to achieve outstanding cooperation in economy
Armenia is committed to deepening its ties with the United States, stated Armenian Foreign Minister Ararat Mirzoyan. YEREVAN,... ... peoples,” Mirzoyan wrote on his social platform X. The Foreign Minister emphasized that, based on the strategic partnership agreement between Armenia and the United States, efforts and important dialogue will continue to make cooperation exceptional in areas such as the economy, trade, security, and other fields. The Charter on Strategic Partnership between Armenia and the United States was signed on January ...
02/06/2025Armenian MFA on cooperation with EU and EAEU: Leveraging every opportunity for progress
Armenia’s Deputy Foreign Minister Paruyr Hovhannisyan emphasized the need for a more ... ... was during the situation surrounding the CEPA (Comprehensive and Enhanced Partnership Agreement signed between Armenia and the EU in 2017), when it seemed that being a member... ... Hovhannisyan said in an interview with Armenpress. He pointed out that while the free trade aspect suffered, 75% of the provisions in all sectors of cooperation aligned with...
02/04/2025Iran ratifies free trade agreement with EAEU
Members of the Majlis (Iranian Parliament) have agreed on the general provisions of the bill for a free trade agreement between Iran and the Eurasian Economic Union (EAEU) and its member states, Iranian news agency IRNA reported. YEREVAN,... ... into effect on October 27, 2019. The union previously signed an interim agreement on free trade with Iran on March 14, 2022. Armenian parliament ratified the agreement earlier this year. The volume of trade between Iran and the EAEU increased by 11% in ...
12/24/2024Armenian government endorses economic agreement with Hungary
The Armenian government approved an agreement on economic cooperation with Hungary at a meeting on Thursday. YEREVAN, December 19. /ARKA/. The Armenian government ... ... Thursday. As stated in the rationale for the decision, this agreement will help develop long-term economic ties in areas such as trade, tourism, energy, transport, agriculture, and more. The document also outlines the creation of an Armenian-Hungarian intergovernmental ...
12/19/2024Armenia's trade turnover with EEU countries in January-October exceeded $11bn. - Ministry of Economy
Armenia's trade with Eurasian Economic Union’s (EEU) member states exceeded the threshold of $11 billion in the first 10 months of 2024,... ... sectors of the economy,’ Hovakimyan said. The Deputy Minister added that negotiations are underway with the UAE to conclude an agreement on economic cooperation with the EEU, and negotiations with Mongolia are at the stage of completion. According to the ...
12/16/2024Converse Bank has been included in the list of Confirming Banks of the EBRD TFP
... pleased to announce that Converse Bank has made a significant stride in the realm of trade finance by becoming a confirming bank under the EBRD TFP. YEREVAN, 16 December... ... realm of trade finance by becoming a confirming bank under the EBRD TFP. The respective agreement between the EBRD and Converse Bank was signed on 14th November 2024. “Confirming... ... Bank status is highly significant for us in terms of stimulating trade financing in Armenia and the entire region”, noted Converse Bank’s Chief Financial Officer, Deputy...
12/16/2024Turkey only needs to invest $2.5 billion in Armenia's economy to take control of it, says CCAF head
In case of establishing trade ties with Turkey, Armenia's economy will be threatened by Turkish expansion, claims Mourad Papazian, co-chairman of the Coordinating Council of ... ... Armenia and Turkey agreed to open the land border to third-country nationals and diplomatic passport holders. Following this agreement, Armenia started the reconstruction of the Margara checkpoint on its side. The renovation has since been completed. ...
12/14/2024Armenian anti-monopoly authority reveals collusion of fuel sellers and issues fines for more than AMD 1bn
Four large companies in Armenia engaged in petrol sale have been fined over AMD 1 billion for anti-competitive agreement, the Commission for Protection of Competition reported today. YEREVAN, 13 December. /ARKA/. Four large companies ... ... billion for anti-competitive agreement, the Commission for Protection of Competition reported today. CPS Energy Group, Flash, Mega Trade, Max Oil and Kamoil companies were fined AMD 392.5 million, AMD 324.1 million, AMD 206.2 million and AMD 155.6 million respectively....
12/13/2024Armenia to open embassy in Hungary
Armenia will open embassy in Hungary, the Armenian government decided on Thursday. ... ... Armenian government decided on Thursday. The rationale behind the decision notes that an agreement on the full restoration of diplomatic relations between the two countries... ... ambassador to Hungary. On 10 September this year, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó said in Yerevan that Hungary could help Armenia and Azerbaijan...
11/28/2024Open borders and better logistics could positively affect Armenia’s trade prospects– EBRD Managing Director
Open borders and better logistics could positively affect trade prospects, especially because Armenia has access to the EU market through the Comprehensive and Enhanced Partnership Agreement and to the central Asian markets of the members of the Euroasian economic union. YEREVAN, November 27. /ARKA/. Open borders and better logistics could positively affect trade prospects, especially because Armenia has access to the EU market ...
11/27/2024EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)
... the Caucasus, Elisabetta Falcetti speaks about the bank's investments and goals in Armenia, as well as its priorities and future programs. YEREVAN, November 26.... ... Armenia is landlocked, solid road infrastructure is crucial for an efficient flow of trade that can support the value chain, increase diversification and accelerate the... ... Armenia has access to the EU market through the Comprehensive and Enhanced Partnership Agreement and to the central Asian markets of the members of the Euroasian economic...
11/26/2024Economic development more important than recognition of Armenian Genocide - Armenian minister
The number one priority for the Armenian authorities is economic development rather than international recognition of ... ... all meetings with the ambassadors, the main issue on the agenda is the development of trade and economic relations between their countries and Armenia. The issue of security... ... land border to third-country nationals and diplomatic passport holders. Following this agreement, Armenia started the reconstruction of the Margara checkpoint on its side...
10/31/2024Armenia finalises its part of work on draft free trade agreement between UAE and EEU – minister
Armenia has completed its part of work on a draft free trade agreement between the United Arab Emirates (UAE) and the Eurasian Economic Union (EEU) , Economy Minister Gevorg Papoyan said at a meeting of the parliamentary committee on regional and Eurasian integration on Friday. YEREVAN, 25 October....
10/25/2024Iranian market will open for main part of Armenian exports: minister
As part of the Free Trade Agreement between Iran and Eurasian Economic Union (EEU) member states, the Iranian market will open for a substantial portion of Armenian exports, Economy Minister Gevorg Papoyan said today. YEREVAN, 25 October. /ARKA/. As part of the Free Trade Agreement between Iran and Eurasian Economic Union (EEU) member states, the Iranian market will open for a substantial portion ...
10/25/2024Armenia interested in achieving lasting peace in the region - Ararat Mirzoyan
Armenian Foreign Minister Ararat Mirzoyan received on Tuesday a delegation led by Michael ... ... Ilham Aliyev. According to reports from Baku, Biden urged Aliyev to conclude a peace agreement with Armenia by the end of this year. ‘A peace agreement will not only ensure... ... integrity, but will also transform the entire region, paving the way for increased trade, investment and ties between Europe and Central Asia,’ Biden said. эAs the...
10/22/2024Armenia serves as a natural bridge to the EAEU market for Iran - Armenian ambassador
Due to its geographical location and the opportunities it offers, Armenia serves as a natural bridge to the EAEU market for Iran, stated Armenian Ambassador to Iran Arsen Avakyan. YEREVAN,... ... Avakyan, in an interview with the Iranian news agency "ISNA ". "Our government welcomes both the signing of a free trade agreement between the member states of the Eurasian Economic Union and Iran in 2023, as well as Iran's high-level participation ...
10/21/2024Armenian Deputy PM to travel to Moscow for EEC Council meeting
Deputy Prime Minister of Armenia Mher Grigoryan will visit Moscow from October 17 to 19, the press service of the Armenian government reported. YEREVAN,... ... implementation of Strategy-2025, synchronisation of norms with the list of goods not subject to international postal services, the draft Agreement on the admission of brokers and dealers of one member state of the EAEU to participate in trading of exchanges (trade organisers) of other member states. -0-
10/17/2024Foreign trade turnover of $700 million with Iran doesn’t suit Armenia: the goal is $1 billion - Papoyan
Armenia is not satisfied with the $700 million foreign trade turnover with Iran; the goal is to achieve a trade turnover of $1 billion with the prospect of increasing it to $3 billion ... ... said Papoyan at the Third Eurasian Forum in Yerevan. The Minister noted that an important event was the signing of a free trade agreement between Iran and the EAEU, which opens up opportunities for Armenia to expand the export of a number of products. "This ...
09/30/2024Armenian Prime Minister and Kuwaiti Crown Prince discussed prospects of cooperation
... 79th session of the UN General Assembly. The interlocutors discussed issues related to the development of cooperation between Armenia and Kuwait. In particular, the parties emphasized the expansion of trade, economic and business relations and the consistent work of the governments of the two countries in this direction, the ... ... implementation of joint programs in the fields of economy, infrastructure, tourism, healthcare, and education to be promising. An agreement was reached to continue the work at the interdepartmental level. The Crown Prince of the State of Kuwait highlighted ...
09/26/2024EU ambassadors visit ‘’Margara’’ checkpoint on Armenian-Turkish border
A group of European Union (EU) ambassadors accredited in Armenia visited the ‘’Margara’’ checkpoint on the Armenian-Turkish border, accompanied ... ... main directions of customs reforms, including the simplification and digitalization of trade. EU Ambassadors expressed satisfaction with the work carried out at the checkpoints... ... open land border for citizens of third countries and diplomatic passport holders. The agreement, however, is yet to be implemented. -0-
09/23/2024Armenia, USAID expand cooperation agreement, doubling grant to $250 Million
Armenia's Deputy Prime Minister Mher Grigoryan and John Allelo, Director of ... ... Armenia Mission, signed an amendment to the bilateral development cooperation grant agreement between Armenia and the United States YEREVAN, September 11. /ARKA/. Armenia's... ... risk management, cybersecurity, food and energy security, regional cooperation and trade, democratic processes, and inclusive economic development. Grigoryan highlighted...
09/11/2024Armenia ready to sign peace treaty with Azerbaijan and open communications in short time -Mirzoyan
Armenian Foreign Minister Ararat Mirzoyan confirmed that there is a real possibility ... ... at a joint press conference with Luxembourg Minister of Foreign Affairs and Foreign Trade Xavier Bettel. Mirzoyan said Armenia is currently awaiting Azerbaijan's... ... agreed upon. Another 3 clauses consist of more than one sentence and there is also agreement on most of their content,’ Pashinyan said. -0- -
09/09/2024Landlocked Armenia must make the best use of human resources - ADB head in Armenia (exclusive)
... of its presence to combat climate change in order to ensure sustainable development. Armenia is not an exception in this context. In an interview with ARKA news agency,... ... Armenia and the possibility of opening transport communications in case of reaching peace agreement with Azerbaijan? D. Lambert - I would like to mention two projects. We... ... likely opening of the borders. We are exploring helping the construction of a Free Trade Zone and the realisation of a Dry Port. This is very important because Gyumri...
08/01/2024Armenian-American business bridge to be organised in December in the US
An Armenian-American business bridge is planned to be organised in the United States in ... ... International Business Relations Mariam Manukyan said today. According to a preliminary agreement with the Armenian Ministry of Economy, this large-scale event will be organised... ... and increasing production volumes, which creates problems in working with major U.S. trade networks. For example, as Manukyan noted, Armenian companies producing bottled...
07/30/2024Armenian and Turkish special envoys meeting on border
Special representatives for the normalization process between Armenia and Turkey, Deputy Speaker of the National Assembly of Armenia Ruben Rubinyan ... ... initiate the necessary process to that end. They also agreed on commencing direct air cargo trade between Armenia and Turkey at the earliest possible date and decided to... ... of full normalization between their respective countries. Finally, they reemphasized their agreement to continue the normalization process without preconditions. On March...
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