ArmInfo. On April 20, Minister of Economy of Armenia Artsvik Minasyan met with the delegation led by State Minister of Trade and Industry of Singapore Koh Poh Koon, according to the Ministry.
Welcoming the guests, the minister noted that the first visit of State Minister of Trade and Industry of Singapore Koh Poh Koon to Armenia will help enhancing the cooperation between two countries. Presenting the current economic situation of Armenia, Artsvik Minasyan noted that as a small country, Armenia is interested in Singapore's model of economic development.
During the meeting, the sides discussed information technologies, tourism, aviation and other sectors. The sides addressed the possibility of cooperation between the Agency of "Standards, Productivity and Innovation Committee" affiliated to the Ministry of Trade and Industry of Singapore and the National Center of Innovation and Entrepreneurship of the Ministry of Economy of Armenia. Minister Minasyan welcomed the proposals, noting that there is potential for growth in trade and investment relations.
The views were exchanged on custom procedures, the Eurasian Economic Union, the possibilities of import of Singaporean products to the European and Iranian markets through Armenia, as well as export the Armenian products through Singapore to the Asian markets. Were emphasized the importance of the mutual visits of businessmen. At the end of the meeting, Koh Poh Koon invited Artsvik Minasyan to Singapore. The visit will enable the two ministries to sign agreements on specific issues.