Armenia and UAE to sign agreement on trade in services and investments

Armenia and the United Arab Emirates are set to sign a trade and investment liberalization agreement, aimed at strengthening economic ties and facilitating investment flows between the two countries.

The agreement envisages mutual benefits: the Armenian side will grant privileges to UAE companies in such areas as agriculture, engineering and scientific and technical consulting, healthcare, education, ecology, and postal services. In turn, Armenia will gain simplified access to the UAE market in sectors including IT services, legal support, and the construction sector.