EU will give preferences to Armenia

From October 10, the European Union (EU) will give Armenia “trade preferences” for the sale of agricultural and alcohol products for a period of two years, which will affect 80 and 91 percent of the republic’s exports to EU countries, respectively. This was reported on the website of the European Commission.

Official Brussels materials say that the measures, which will affect, among other things, the supply of fruits, vegetables and flowers, are related to trade restrictions recently introduced by Moscow against Yerevan and “are part of a broader package of EU measures to support Armenia.”

As TASS notes, the agreement on preferences is limited by quotas aimed at protecting the European market, upon reaching which progressive import duties begin to be introduced.