The new agreement signed between Armenia and EU will broaden the scope of our relations in the view of global political and economic interests that we share and the challenges we face together, EU High Representative for Foreign Affairs and Security Policy Federica Mogherini said after signing of an agreement with Armenia.

Mogherini said the new deal will bring concrete benefits to the people in Armenia and EU and will strengthen cooperation in many different fields: energy, transport, environment and will lead to increased mobility.

According to her, it will also lead to improvement in business environment and opportunities for investments. The agreement is “based on our commitment to democracy, human rights and rule of law.”

“The agreement is the first of this kind that is concluded with a party that is also a member of the Eurasian Union,” she emphasized, adding that it will be important to implement it at full.

The parties will work together on implementation and monitoring of the implementation that we will now bring forward.

“The agreement supports peaceful solution to the Nagorno-Karabakh conflict. The EU firmly believes that  the conflict needs an early political settlement in accordance with the principles and norms of the international law and continues to fully support the mediation efforts and related proposals of the OSCE Minsk Group Co-Chairs in this context,” Mogherini said.