Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-672-000"
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"en.20110308.29.2-672-000"2
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"The global financial and economic crisis has negatively impacted on bilateral trade between the EU and the eastern partner countries. Overall, trade between the EU and six eastern partner countries declined between 2008 and 2010 by 20%.
It must be recalled that the Eastern Partnership started being implemented when the financial crisis was in full swing. Its launching summit took place on 7 May 2009. In this early period, working structures were created and some first meetings of the multilateral platforms were being held. The Eastern Partnership was simply too young to soften the negative effects of the financial and economic crisis.
As for the role of the Black Sea Synergy on trade with the EU, it can be said that it has been negligible as the Black Sea Synergy initiative is a regional cooperation framework, not a trade arrangement.
The South Caucasus countries, individually or as a group, have not played any particular role in the development of trade between the EU and the Eastern Partnership countries.
Preparations for future negotiations of a bilateral, deep and comprehensive free trade area are ongoing with Georgia and Armenia, while the trade provisions of the partnership and cooperation agreement with Azerbaijan are currently being upgraded."@en1
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