Economic Feasibility, General Economic Impact and Implications of a Free Trade Agreement between the European Union and Armenia

263 Pages Posted: 15 May 2009 Last revised: 26 Oct 2010

See all articles by Maryla Maliszewska

Maryla Maliszewska

CASE - Center for Social and Economic Research

David A. Dyker

University of Sussex

Michael Emerson

Centre for European Policy Studies (CEPS)

Michael Gasiorek

University of Sussex

Peter Holmes

University of Sussex - Sussex European Institute; College of Europe, Bruges

Malgorzata Jakubiak

CASE - Center for Social and Economic Research

Andre Jungmittag

University of Wuppertal

Alina Kudina

University of Warwick - Warwick Business School; CASE

Evgeny Polyakov

World Bank

Andrei Roudoi

affiliation not provided to SSRN

Svitlana Taran

CASE - Center for Social and Economic Research - CASE Ukraine

Gevorg Torosyan

affiliation not provided to SSRN

Date Written: 2008

Abstract

The aim of this study is to evaluate the economic feasibility and implications of free trade agreement between the EU and Armenia as well as of greater regional integration between Georgia, Armenia and the Black Sea countries. The study uses a mix of qualitative and quantitative analysis along with surveys, sectoral studies and local expert knowledge. Overall, we conclude that a free trade agreement between Armenia and the EU is feasible, but a Simple FTA (abolition of tariffs) would not bring significant economic benefits to Armenia. The real gains could materialize over the medium to long term with a completion of a Deep FTA (abolition of tariffs, significant institutional harmonization and improvement in the business environment). Given the slow progress with the implementation of the ENP Action Plan, serious questions remain as to the institutional capacity of Armenia to undertake steps towards harmonization with EU aquis beyond those indicated in the ENP Action Plan. However, these problems might be eased with technical assistance.

Keywords: European Neighborhood Policy, free trade agreement, institutional harmonization, EU, Armenia

JEL Classification: F15, F12, O13, P48, G21

Suggested Citation

Maliszewska, Maryla and Dyker, David A. and Emerson, Michael and Gasiorek, Michael and Holmes, Peter Martin and Jakubiak, Malgorzata and Jungmittag, Andre and Kudina, Alina and Polyakov, Evgeny and Roudoi, Andrei and Taran, Svitlana and Torosyan, Gevorg, Economic Feasibility, General Economic Impact and Implications of a Free Trade Agreement between the European Union and Armenia (2008). CASE Network Reports No. 80, Available at SSRN: https://ssrn.com/abstract=1402934 or http://dx.doi.org/10.2139/ssrn.1402934

Maryla Maliszewska (Contact Author)

CASE - Center for Social and Economic Research ( email )

Al. Jana Pawła II 61/212
Warsaw, 01-031
Poland

David A. Dyker

University of Sussex ( email )

Sussex House
Falmer
Brighton, Sussex BNI 9RH
United Kingdom

Michael Emerson

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
Brussels, 1000
Belgium

Michael Gasiorek

University of Sussex ( email )

Sussex House
Falmer
Brighton, Sussex BNI 9RH
United Kingdom

Peter Martin Holmes

University of Sussex - Sussex European Institute ( email )

Falmer, Brighton BN1 9QN
United Kingdom

College of Europe, Bruges

Dijver 11
B-8000 Brugge, Oost Vlanderen 10000
Belgium

Malgorzata Jakubiak

CASE - Center for Social and Economic Research ( email )

Al. Jana Pawła II 61/212
Warsaw, 01-031
Poland

Andre Jungmittag

University of Wuppertal ( email )

Gaußstraße 20
42097 Wuppertal
Germany

HOME PAGE: http://www.wiwi.uni-wuppertal.de/Privatdoze.12.0.html?&L=0

Alina Kudina

University of Warwick - Warwick Business School ( email )

Coventry CV4 7AL
United Kingdom

CASE ( email )

Al. Jana Pawła II 61/212
Warsaw, 01-031
Poland

Evgeny Polyakov

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Andrei Roudoi

affiliation not provided to SSRN ( email )

Svitlana Taran

CASE - Center for Social and Economic Research - CASE Ukraine ( email )

Ukraine

Gevorg Torosyan

affiliation not provided to SSRN

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