Hovhannes Azizyan: in Q1 Armenian export to EEU countries grew for 40%

ArmInfo. For the first three  months of 2017, Armenia increased supplies of export production to  EEU countries for4 40%, Hovhannes Azizyan, Deputy Minister of  Economic Development and Investments told the journalists within the  fields of annual EEU forum:  Armenia-Cooperation. Deputy Minister  informed on intention of the state to double export extents during  two years to EEU coutries' markets. According to him, one of the  reasons of positive tendency of export production growth is that  Armenian businessman feels comfortable at EEU fields. Particularly,  he informed that in 2016 Armenian export to EEU markets grew for 65%  annually, noting that such a tendency was registered in 2014. "Within  EEU, Armenian production demands special advertising", he explained. 

At the same time, Azizyan noted that Armenian  exports to the markets  of third countries the previous  year increased by 13% in annual  terms, despite the overall downward trend of export supplies in the  world. "An important task of any union, including the EEU, is to  promote domestic cooperation and export products to third countries.  And this is our main goal, "he stressed. In this regard, Azizyan  noted that Rusal Armenal (Armenian daughter "Rusal") could become a  good platform and an example for cooperation. "You know that we have  a regime of trade preferences with the EU (GSP +) and Armenia can  export products to the EU countries without a customs duty of 7%,  which makes the goods so competitive. Russian companies can take  advantage of this", he noted. 

At the same time, Azizyan informed that by the end of the year, the  Ministry intends to pass negotiations with Chinese partners on  implementing GSP+ regime on important Armenian products. And as  additional markets, deputy Minister noted the Persian Gulf countries,  which, according to him, have big opportunities from the point of  view of purchasing power. 

To note,  third annual Business Forum Eurasian Economic Union:  Armenia - cooperation. Was held in Tsakhkadzor, which gathered over  400 participants, in particular representatives of Government   members, various unions and associations, as well as heads of large  companies of Armenia, the Russian Federation, Belarus, Kazakhstan and  the Kyrgyz Republic, and others.

Such events contribute to the establishment of direct mutually  beneficial production and trade cooperation between businessmen of  different countries and regions. Within the framework of the Forum  there will be a plenary session, sectional sessions moderated by  representatives of the EEU member countries together with  representatives of Armenian state entities, as well as an exchange of  contacts and bilateral  business meetings. The main aimes of the  event are the organization of negotiations between representatives of  companies from the countries of the Eurasian Economic Union,  including in an informal setting, finding new business ties,  discussing the most important economic issues with Government  representatives, expanding the scope of business activities, dialogue  with Government  officials for interaction in the issue of increasing  exports from the EEU.