Armenia and the European Union (EU) have a longstanding partnership that dates back to the early 1990s. However, it wasn`t until 2017 that the two parties signed the Armenia-EU Comprehensive and Enhanced Partnership Agreement (CEPA), marking a new chapter in their relationship.

The agreement aims to strengthen cooperation in various fields such as trade, investment, democracy, human rights, and the rule of law. It also seeks to create a stable and predictable environment for businesses, promote economic growth, and enhance people-to-people contacts.

One of the key objectives of the Armenia-EU partnership is to increase trade between the two parties. With CEPA in place, Armenian companies can now access the EU market more easily, benefiting from reduced tariffs and simplified customs procedures. This will open up new opportunities for Armenian businesses to expand their reach and increase their competitiveness.

CEPA also includes provisions to improve the business environment in Armenia, with the aim of attracting more foreign investment. This will help to create more jobs and stimulate economic growth, ultimately leading to an improvement in the standard of living for Armenians.

The agreement also focuses on strengthening democracy and human rights in Armenia. It encourages the government to ensure that the rule of law is respected, that there is freedom of expression and association, and that human rights are protected. This will help to build a more stable and democratic society in Armenia, promoting the development of civil society and good governance.

Overall, CEPA represents an important step forward for Armenia and the EU. It provides a framework for cooperation that will benefit both parties, with the potential to bring about significant economic, social, and political improvements in Armenia. As the partnership continues to grow and evolve, it is hoped that it will help to bring about a more peaceful and prosperous future for Armenia and the wider region.