In 2015, Armenia became a member of the EAEU and ensured the free movement of goods, capital, services and labour. This means a common market for goods, tariffs, customs and non-tariff regulations. In addition, Armenia and the EU signed a Comprehensive and Extended Partnership Agreement (CEPA) in 2017. This opened the door to free trade with Vietnam and economic cooperation with Cina. A free trade agreement was also signed with Iran in 2018, but it has not been in force since January 2019. In addition, barriers to trade in services between the EU and Armenia will be removed. The current bilateral trade relationship between the EU and Armenia is governed by a comprehensive and improved partnership agreement. The agreement has been in provisional force since June 2018. Armenia has signed several trade agreements of different calibers. Armenia is qualified for export to the EU under the GSP and enjoys beneficiary status with Canada, Japan, Norway and Switzerland.
This means that Armenia has access to these markets at 0% or at reduced rates. Bilateral trade relations between the EU and Armenia are governed by the comprehensive and extensive partnership agreement, which has been on an interim basis since June 2018. Currently, trade with the EU accounts for about 23.6% of the country`s total trade, making it the second largest source of imports. Metal and ore are the main trade items on the list. In 2018, the United States also expanded its preferential tariff system with Armenia. The comprehensive and comprehensive partnership agreement aims to further improve trade between the EU and Armenia by improving the regulatory environment for businesses. These include areas such as: trade agreements are tax, customs and trade agreements that increase economic activity, make investments and are signed by two or more countries. The most frequent trade agreements are free trade and free trade, which are signed to reduce (or remove) tariffs, quotas and other trade restrictions imposed on intermediaries. They outline both what has been agreed and the impact of the agreement.