Armenia can build EEU’s bridge with Europe in case of securing safe hub for businesses – French Ambassador
Armenia can successfully build bridges between the EU and the Eurasian Economic Union (EEU) in case of raising its image as a safe hub for businesses, according to the French ambassador.
At a news conference on Tuesday, Jonathan Lacôte addressed the recently signed Comprehensive and Enhanced Partnership Agreement (CEPA), highlighting its a historic value in deepening the country’s future relations with the EU.
“Being familiar with all the ups and downs that the previous [Association] Agreement experienced, we now attach value to this agreement signed in November. It is important to have the clear understanding that it is unique in its form. Today, it is the only agreement ever signed with a Eurasian Economic Union member state. This is the cornerstone of the deal,” he said.
Agreeing that every country should have the free choice to pursue its own set of values, the diplomat noted that the EU-Armenia agreement opens up new prospects of cooperation.
“The agreement’s name itself prompts that it is comprehensive and offers opportunities of sectoral cooperation. As a result of the reforms initiated by Armenia, there is now a specific goal to bring [the domestic legislation] in line with the European norms and standards. For all the existing difficulties, it motivates the state to implement the said reforms. We have met with the Armenian authorities to consider these issues. I believe that both the EU and Armenia mutually realize the importance of these reforms. Thanks to this document, Armenia may serve as a key channel in the region,” Mr Lacôte noted.
He added that his earlier meetings with French businessmen in Armenia have been inspiring in terms of raising hope of the Eurasian market’s accessibility.
“If Armenia improves its image as a safe hub for the business world, it will naturally assume the role of a connecting bridge with the EEU. Our investors also pursue the prospect of entering the Iranian market through Armenia. The situation has drastically changed now. Should any French company establish itself in Armenia, it will be legally close to a system securing its business activity in the country,” he said, highlighting the mutual advantages of a simultaneously developing partnership with two integration blocs.
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