YEREVAN. – The new agreement on cooperation between Armenia and the European Union (EU) will be signed in the near future.

The Deputy Foreign Minister of Armenia, Garen Nazarian, told the above-said to reporters, after Thursday’s National Assembly respective committees’ hearings on the draft state budget for 2017.

“We already are moving toward an important milestone. The next phase of [respective] negotiations to be held in December will perhaps enable to make the possibility of finalizing the negotiation process become visible,” said Nazarian. “The negotiations were pretty intense. We are optimistic that we will complete the whole process in a near future.”

As per the Armenian deputy FM, the whole process can be completed by the first quarter of next year. In Garen Nazarian’s view, it all depends on the dynamics and the flexibility of the parties.

“Both sides are trying to reflect their approaches, interests to the utmost in the document of priorities,” he added.