Head of EBRD Resident Office in Yerevan Valeriu Razlog recently has said in a statement that Armenia requires wide-scale activities to commence talks over Armenia's entry into the Deep and comprehensive free trade area agreement (DCFTA), reports Armenpress citing NEWEUROPE. It should be recalled that last month the EU Trade Policy Committee decided to open negotiations with Armenia on DCFTA in order to boost economic growth and investment. "Within the framework of this process, the work should start with regulating the phytosanitary field, food security, improved export regulations with regard to international trade, etc," he said. In addition, Armenia's laws should be in accordance with the EU legislation. According to the EBRD, such a move is positive and expects changes in various sectors of the Armenian economy. Razlog stressed that the EBRD will further provide fund to commercial companies both directly and indirectly, via the banks.

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