ArmInfo. Prime Minister of Armenia Karen Karapetyan discussed prospects of development of relations between the Republic of Armenia and the countries of the Association of Southeast Asian Nations in the framework of the 48th annual session of the World Economic Forum (WEF) in Davos, Switzerland and the Deputy Prime Minister and Coordinator for Social and Economic Development of Singapore Tarman Shanmugaratnam. East Asia (The Association of Southeast Asian Nations, ASEAN).
As the press service of the Armenian government reports, at the beginning of the conversation, Tarman Shanmugaratnam noted the significant contribution of Armenians to the development of the country, emphasizing the importance of the cultural heritage of the Armenian people in Singapore. According to him, Armenia can play an important role in the development of relations between the countries of the South Caucasus and the ASEAN countries. "It is very important that there are no problems between us, and we are determined to deepen bilateral cooperation," the Singapore Deputy Prime Minister noted.
Karen Karapetyan, in turn, stressed that Singapore's development path is a good example for Armenia. He pointed out a number of industries that may be of interest to Singaporean business, in particular, winemaking, organic agriculture, educational sphere, information technology. The Prime Minister also noted the importance of implementing educational exchange programs. "We are interested in stimulating negotiations between the Eurasian Economic Union and the Singapore Free Trade Zone, which can contribute to the growth of trade and investment and the implementation of mutually beneficial programs," the Armenian government head said. Both sides stressed the importance of eliminating double taxation between Armenia and Singapore, and it was noted with satisfaction that the development of the relevant agreement is at the final stage. Prime Minister Karen Karapetyan invited his Singaporean colleague to visit Armenia and Tarman Shanmugaratnam accepted the invitation gratefully.