The Armenia-EU Comprehensive and Enhanced Partnership Agreement (CEPA) has completed its ratification process and will enter into full force on 1 March 2021.
CEPA was signed by Armenia and the European Union in November 2017.
“The European Union is the largest donor of financial assistance in Armenia with the main objective to improve living conditions of all Armenians, notably in the regions. The full ratification creates a framework for even stronger cooperation to support Armenia’s resilience and economic development, in times when it is very much needed,” said the Ambassador of the European Union to Armenia, Andrea Wiktorin.
The Agreement provides long-term basis for deepening EU-Armenia relations, strengthens the rule of law, justice system and supports the public administration reform, and supports cooperation in various fields such as energy, transport and environment. It also leads to an improved business environment and new opportunities in trade and investments.