Relations between the European Union and Armenia are based on the EU-Armenia Comprehensive and Enhanced Partnership Agreement (CEPA), a modern, comprehensive and ambitious Agreement, which was signed on 24 November 2017 in the margins of the Eastern Partnership Summit in Brussels and entered into provisional application on 1 June 2018. This Agreement provides a framework for Armenia and the EU to work together for the benefit of the citizens of Armenia in the areas of strengthening democracy and human rights, creating more jobs and business opportunities, fairer rules, more safety and security, cleaner environment as well as better education and opportunities for research.
The EU is the biggest provider of financial support and a key reform partner in Armenia. With annual allocations of €40 million in grants, its current substantial portfolio focuses on supporting the reform agenda of the new government, private sector development, education and development of focal regions. In addition, since 2014 more than €1 billion in the form of blended loans and grants has been invested in the energy, agriculture and transport sectors.