It is planned to liberalize the processes of trade in services and investment between Armenia and the UAE.
25-06-2026 18:06 Armenia Economy
The government has approved the draft law on the ratification of the agreement signed on February 5, 2026, between the governments of the Republic of Armenia and the United Arab Emirates on "Trade in Services and Investments."
The purpose of the agreement is to liberalize the processes of trade in services and investments between the Republic of Armenia and the United Arab Emirates. The agreement provides for the mutual elimination of barriers in the fields of trade in services and investments, increasing economic efficiency, and creating favorable conditions by expanding economic cooperation and mutual benefits, as well as contributing to the activation of bilateral economic relations and the discovery of new markets for both sides.
The provisions for the promotion and mutual protection of investments will also simultaneously encourage business initiatives. The agreement includes separate chapters on trade in services, investments, dispute resolution, and transparency.
An integral part of the agreement consists of the annexes related to services, which were agreed upon during the negotiations, and in which the parties are ready to provide corresponding privileges concerning the types of services compared to the obligations undertaken by Armenia and the UAE upon joining the World Trade Organization. In particular, the Armenian side has provided privileges for the Emirati side in relation to agricultural, hunting, forestry, as well as scientific and technical consulting in engineering, healthcare, education, environmental, and postal services.
The Emirati side has provided privileges for the Armenian side in the fields of computer services, scientific and technical consulting, equipment repair, mapping, telecommunications, and certain simplifications in the provision of legal, construction, accounting, and auditing services.
* This text was automatically translated by Artificial Intelligence (AI).
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