During today’s session, the Armenian government approved its legislative initiative in regard to the draft Law on ratifying the Agreement between the Government of the Republic of Armenia and the Government of the French Republic on the Establishment and Operation of the French Development Agency in Armenia (FDA) and the Company for Promotion of Economic Cooperation and Participation (Proparco).

According to the rationale, ratification of the Agreement will be essentially significant for the expansion and development of the Armenian-French economic cooperation and will allow to expand the number of programs funded by France and help French companies show more active participation in investment programs in Armenia.