Yerevan, July 2. /Mediamax/. In the nearest future Armenia will launch negotiations with EU concerning the free trade agreement.

Mediamax reports that the Armenian President Serzh Sargsian said this at the Armenian-Ukrainian Business Forum, which took place on July 1, 2010.

“Armenia has one of the most liberal economic legislations in the post-Soviet area. We have all mechanisms to protect the rights of investors and secure equal and competitive environment for their activity. Armenia closely cooperates with EU for coordination of the legislation. At present the issue of assigning Armenia the status of market economy is in the process of discussion, and we are completing negotiations around the Association Agreement [between Armenia and the European Union]. In the nearest future negotiations will be launched with EU concerning the Free Trade Agreement”, Armenian President said.