Wednesday, October 4 2017 20:00
Ani Mshetsyan

Armenian Deputy Minister of Foreign Affairs and Lithuanian Minister of Economy discussed the development of trade and economic relations between the countries

Armenian Deputy Minister of Foreign Affairs and Lithuanian Minister of Economy discussed the development of trade and economic relations between the countries

ArmInfo. Deputy Foreign Minister of Armenia Robert Harutyunyan met on October 4 with a delegation from Lithuania under the leadership of Lithuanian Minister of Economy Mindaugas Sinkevicius.

According to the RA MFA press office, the Deputy Minister highly assessed the dynamics of the economic component of relations with Lithuania, stressing the importance of bilateral investments and the need to exchange experience in various fields.

The Lithuanian Minister of Economy stressed the need for further deepening of trade and economic ties with Armenia, noting that Armenia and Lithuania have great potential for cooperation, including within the EU and the EEU.

The meeting discussed issues related to the development of bilateral relations, the expansion of the legal framework and the promotion of trade and economic cooperation.

The sides touched upon the meeting of the Armenian-Lithuanian intergovernmental commission taking place in Yerevan.

According to the National Statistical Service of Armenia, the foreign trade turnover between Armenia and Lithuania in January-July 2017 amounted to $ 4.5 million with an annual growth of 20.3%, in particular exports - $ 1.1 million with an annual decline of 39% and imports - over $ 3.4 million with annual growth of 77.4%.

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