EU adopts temporary trade measures for Armenia after Russian restrictions

The EU Council on Thursday formally adopted temporary trade-liberalization measures for Armenian products following trade restrictions recently imposed by Russia.

The measures will suspend import duties on around 80% of Armenian exports to the EU, including selected agricultural products, and will apply for two years from their entry into force, according to the Council.

The preferential arrangement includes conditions and safeguard measures to protect EU producers if imports adversely affect the bloc’s market.

It is intended to support trade flows from Armenia to the EU and strengthen bilateral economic ties under the EU-Armenia Comprehensive and Enhanced Partnership Agreement.

The European Parliament approved the European Commission’s proposal without amendments, paving the way for final adoption.

“We are stepping up our support for Armenia and its people, who have clearly chosen a pro-European path in spite of foreign pressures,” Irish Foreign Minister and Trade Minister Helen McEntee said.

“Today’s decision will help Armenia’s economy hit by trade restrictions and shows that our partners can always count on the EU,” she added.

European Commissioner for Enlargement Marta Kos welcomed the decision, saying the EU had decided to allow 80% of Armenian products to enter the bloc without tariffs.

“This is our response to Russia closing its market to Armenian producers and farmers following Armenia’s democratic choice to move closer to Europe,” Kos said on US social media company X.

Estonian Foreign Minister Margus Tsahkna also welcomed the measures, saying they would strengthen Armenia’s economic resilience and deepen its ties with the EU.

“Stronger trade ties will bolster Armenia’s economy, deepen links with the EU, and create new opportunities for growth and cooperation,” Tsahkna said.

The regulation will now be signed and published in the Official Journal of the EU.

It will enter into force the day after publication.