This has been in the works a while, and will be a really big deal. An economic union and free trade pact between Armenia and the European Union. That’s 500 million customers for Armenian products. It will also make imports cheaper.
The European Union on Monday decided to launch negotiations on a deep and comprehensive free trade area with Armenia in order to boost economic growth and investment with the Eastern European Partner.
That does not include political union – at least not yet. But I think after free trade comes, and the easier travel regime that has been proposed as well, full on union/membership may follow naturally enough, if both sides want it.