Thursday, October 5 2017 20:04
Naira Badalian

Commissioner for Trade: United Kingdom is interested in expanding economic cooperation with Armenia

Commissioner for Trade: United Kingdom is interested in expanding  economic cooperation with Armenia

ArmInfo. Armenian Prime Minister  Karen Karapetyan received on October 5 the newly appointed commissar  for trade of the United Kingdom in Armenia, MP Mark Prechard. As the  press service of the executive body of Armenia told ArmInfo,  Karapetyan congratulated Pritchard with a new post, noted that the  Government of Armenia has high hopes for its activity in terms of  development of the Armenian-British trade and economic relations and  giving them a new impetus.

The head of the Cabinet stressed that there is a great potential for  increasing trade between the two countries, which is currently not  fully engaged. Karapetyan said that the government is carrying out  large- scale reforms in the economy and other spheres. At the same  time, as the prime minister noted, Armenia can offer favorable  conditions for British capital, including in terms of entering the  Eurasian and Iranian markets.

In his turn, Mark Pritchard noted that his country is interested in  expanding economic cooperation with Armenia and its goal is to see  material tangible results during the term of office.

The interlocutors also discussed issues related to the improvement of  bilateral trade regimes, the possibilities of using the  Yerevan-London flight, the prospects for implementing programs in  energy, tourism, road and reservoir construction, education and  healthcare and others.

According to the National Statistical Service of Armenia, in  January-August of 2017 the trade turnover between Armenia and the  United Kingdom amounted to $ 23,201.6 million, with an annual growth  of 37.7%. At the same time, exports increased 5 times to $ 3,429.9  million, and imports by 22.4% to $ 19,771.1 million.

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