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International Internet Magazine. Baltic States news & analytics Wednesday, 17.10.2018, 17:20

Agreement to improve Latvia’s exports to Armenia

BC, Riga, 21.11.2017.Print version
The Latvian Foreign Ministry hopes that the Comprehensive and Enhanced Partnership Agreement (CEPA) between the EU, the European Nuclear Society, its member states and Armenia will improve Latvia’s exports to Armenia, reports LETA.

The Foreign Ministry has prepared a bill adopting the agreement, and it will be revised by the government this week.

 

The ministry underscores that the agreement can promote Latvia-Armenia cooperation, improving Latvia’s exports to this country. The agreement does not require any additional administrative burden.

 

CEPA enhances EU-Armenia cooperation, ensuring grounds for further development of these relations, improving the political dialogue, improving cooperation in many areas.

 

The EU member states are expected to sign the agreement on November 24 in Brussels during the Eastern Partnership Summit. Then the agreement has to be ratified by national parliaments, the ministry explained.

 

According to the Foreign Ministry, in 2016 Armenia was Latvia’s 87th largest trade partner with the total turnover of EUR 4.57 million. Export to Armenia reached EUR 3.26 million and import amounted to EUR 1.3 million.






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