Under  EAEU-  UAE Economic Partnership Agreement, 95% of Armenia`s  current exports to Emirates will receive preferential coverage 

ArmInfo.During a regular session on June 26,, the Government of Armenia approved the proposal to sign an  agreement on economic partnership between the EAEU and its member states and the UAE.

The purpose of the Agreement is to liberalize and simplify trade in  goods between the parties, including reducing tariff and non-tariff  barriers, supporting trade and economic cooperation between the  parties, and encouraging trade expansion between the parties.   Particular attention in the Agreement is paid to the interaction of  small and medium-sized businesses, as well as obligations to promptly  inform business entities about the opportunities created by the  Agreement and the applicable rules.  As a result of the  Agreement,  EAEU member states receive preferential access conditions for 86% of  the product range,  with 98% export coverage to the United Arab  Emirates for the Eurasian Economic Union.

The Agreement  also includes attached lists outlining tariff  preferences for specific products. The proposals submitted by the  Armenian side mainly include those products that are of primary  interest for the export of the Republic of Armenia. As for  agricultural products, the proposals submitted by the Armenian side  mainly include those products that are of primary interest for the  export of the Republic of Armenia, in particular: other fresh fruits,  including strawberries, wild strawberries, etc., lactose, fresh  tomatoes, fruit juices, honey, jams, mineral water with sugar, live  plants, apples, apricots, sauces, etc. The selection of industrial  products was also carried out according to the above-mentioned  principle and includes such types of products as aluminum foil,  aluminum alloys, medical devices, radio-electronic equipment, other  furniture, radio broadcasting equipment, etc.