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Trade

Armenia

EU trade relations with Armenia. Facts, figures and latest developments.

Country or region
Armenia
Trade topics
Negotiations and agreementsTrade policy

Current EU-Armenia bilateral trade relations are regulated by a Comprehensive and Enhanced Partnership Agreement (CEPA). This agreement has been provisionally applied since June 2018 and formally entered into force on the 1 March 2021.

Negotiations for the agreement were completed in February 2017. This agreement replaces the 1999 Partnership and Cooperation Agreement.

Trade picture

  • Trade with the EU accounts for around 18 % of Armenia's total trade in 2020.
  • The EU is Armenia's third biggest export market with a 17 % share in total Armenian exports in 2020.
  • The EU is the second biggest source of Armenian imports with a of 18.6 % share in total Armenian imports.
  • EU imports from Armenia consist mainly of manufactured goods and articles and crude (inedible) materials, except fuels. .
  • EU exports to Armenia include mainly machinery and transport equipment , miscellaneous manufactured articles and goods and chemicals and related products.

The EU and Armenia

Armenia has been a member of the World Trade Organisation since 1999. Armenia was included in the European Neighborhood Policy  in 2004 and in the Eastern Partnership in 2009.

The Comprehensive and Enhanced Partnership Agreement aims to further improve EU-Armenia trade by enhancing the regulatory environment for businesses. This includes areas such as:

  • services
  • establishment
  • operation of companies
  • capital movements
  • government procurement
  • state-owned enterprises
  • intellectual property rights
  • sustainable development

It also removes barriers in trade in services between the EU and Armenia.

The European Commission and the European External Action Service monitor Armenia's progress and shortcomings regarding the effective implementation of the 27 international conventions.

Committees and Dialogues

The EU and Armenia meet regularly to discuss issues and best practices and oversee the proper functioning of the Agreement.

Technical committee meetings - agendas and reports

Trading with Armenia