Investor Presentaiton
RUSSIA
Russia is Armenia's largest source of worker
remittances and largest trading partner, accounting
for 33.3% of the value of imports (by country of
origin) and 26.5% of the value of exports for the six
months ended 30 June 2021
STRONG ACCESS TO MARKETS THROUGH TRADE AGREEMENTS
STRONG BILATERAL AND MULTILATERAL PARTNERSHIPS
EUROPEAN UNION (EU)
In 2017, Armenia and the EU concluded the
CEPA which sets a framework for the
cooperation between the union and the
country
Armenia benefits from the GSP+1 system
which provides the country with facilitated
access to the EU market through no tariffs for
90% of the country's exported goods valid
until 2024
For the six months ended 30 June 2021, the
EU accounted for 21.6% of the country's total
exports and 20.4% of imports
COMMONWEALTH OF
INDEPENDENT STATES (CIS)
In 1991, Armenia became a member of the
CIS which aims to enhance political,
economic, environmental, humanitarian and
cultural cooperation and support the free
interaction, contact and movement of citizens
within the CIS
Countries within the CIS region are the main
trade partners of Armenia. For the six months
ended 30 June 2021, import and exports from
CIS countries and Georgia accounted for
47.5% and 30.8% respectively
Armenia holds bilateral free trade agreements
with 8 of the 11 country members
Countries With Free Trade Agreements
with Armenia
Countries included in the GSP
Agreements with Armenia
The two countries have signed a free trade
agreements and are both part of the CIS, the
Organisation of Black Sea Economic Cooperation
and the EEU
CHINA
Armenia and China have developed relations of
friendly cooperation over the last decades
The Armenian Government of Armenia's has
expressed its support to China's One Belt One
Road initiative and joined its Economic Belt of Silk
Road component
EURASIAN ECONOMIC UNION (EEU)
The EEU, consisting of Russia,
Belarus, Kazakhstan and the Kyrgyz Republic,
includes a custom union in which no tariffs apply.
Armenia joined the EEU in 2015 and is gradually
transitioning into the tariff system of the union
Armenia currently does not have any export
restrictions in place, such as export quotas, export
tariffs or voluntary export restraints
Armenia has received two grants (USD42 million
and RUB130 million) to support the country's
integration into the EEU
Note: 1. GSP+ Special Incentive Arrangement for Sustainable Development and Good Governance
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