Roads to the Amulsar gold mine have been closed for a year and a half by residents of neighboring communities opposed to the mine operated by Lydian who is considering international arbitration.
The signing of an investment treaty involves a unilateral loss of sovereignty on the part of the host state, which is ultimately deemed necessary to attract foreign capital.
Lydian International’s Amulsar gold project in Armenia may have to go through a fourth environmental review in less than a year.
Lydian had threatened to go to arbitration if forced to shut it down.
UK registered mining company Lydian is using corporate courts to bully the Armenian government into cracking down on public protests that have successfully resisted a gold mine.
The Armenian government is currently being sued by a corporation for two thirds of its entire government budget. If the UK crashes out on 31 October, it could suffer a similar fate.
Prime Minister of Armenia Nikol Pashinyan finds the policy of deepening cooperation between the Eurasian Economic Union and the European Union to be promising.
The company’s Canadian and British subsidiaries have already announced their intention to initiate arbitration proceedings against Armenia in accordance with bilateral agreements if the matter is not resolved.
The company said illegal blockades have prevented access to the Amulsar gold project since late June 2018.
ASEAN is considering the possibility to start negotiations with the Eurasian Economic Union (EAEU) on creation of a free trade agreement
The economic and trade cooperation between Vietnam and the EAEU has achieved important results after two years since the signing of the Free Trade Agreement between Vietnam and the Eurasian Economic Union (Vietnam-EAEU FTA), contributing to creating a motivation for the economic development of each country and expanding cooperation in the region.
The Romanian parliament has finalized the ratification of the European Union – Armenia CEPA which was signed on November 24, 2017 in Brussels, Armenia’s Ambassador to Romania Sergey Minasyan said on Facebook.
The European Parliament voted overwhelmingly to ratify a landmark agreement aimed at deepening the European Union’s political and economic relations with Armenia.
At the fifth Eastern Partnership summit in Brussels, Armenia and the European Union signed a new framework agreement, dubbed the Comprehensive and Enhanced Partnership Agreement.
The agreement is meant to serve as a less ambitious substitute for an Association Agreement negotiated by Armenian and EU officials in the summer of 2013.
The European Union and Armenia have agreed on a new pact tightening political ties, more than three years after Yerevan walked away from a more far-reaching political and commercial deal with the EU to join the Russian-led Eurasian Economic Union.
The Eurasian Economic Union began discussions on having a privileged trade agreement with Iran at the initiation of Armenia
The Eurasian Economic Union (EEU) has given the initial go-ahead to signing a free trade agreement with Iran, a senior official of the bloc has said.
The trade agreement signed between Armenia and the US last Thursday should not be considered as a step against Russia, political analyst Movses Demirchyan said in his interview to Sputnik-Armenia radio channel.
The United States and Armenia have signed a Trade and Investment Framework Agreement (TIFA), generally seen as a precursor to a full fledged FTA.