Friday, September 8 2017 11:27

ArmInfo. Minister of Economic  Development and Investments of the Republic of Armenia Suren Karayan  on the eve of the first deputy minister of industry and trade of the  Russian Federation Gleb Nikitin in Yerevan discussed prospects of  cooperation between Russia and Armenia in the sphere of industry.

According to the press service of the Ministry of Economic  Development and Trade of Armenia, Gleb Nikitin stressed that  cooperation with the Armenian side is among the priorities of the  Russian Ministry of Industry and Trade. The parties discussed the  implementation of agreements on the provision of agricultural  machinery. Suren Karayan noted the high potential of cooperation in  the field of radio electronics, stressing the importance of  implementing steps in this direction. 

The parties also discussed prospects for cooperation in light  industry. According to Nikitin, the establishment of joint ventures  and the organization of export of products to third countries will be  promising in this direction. To this end, the parties agreed to  contribute to the development of a dialogue between entrepreneurs of  the two countries. Minister Karayan presented to Nikitin the  prospects created in FEZ Meghri.  According to the National  Statistical Service of Armenia, the foreign trade turnover between  Armenia and Russia grew by 23.7% per annum in the first half of 2017  to $ 737.5 million. This was provoked by the export growth of 27.3% -  up to $ 219.3 million and import by 22.3% $ 518.2 million