Serzh Sargsyan and Denis Manturov discussed the issues of modernization of trade and economic ties between Armenia and Russia

ArmInfo. On October 6, Armenian President Serzh Sargsyan received Denis Manturov, the Minister of Industry and Trade of the Russian Federation, who arrived in Armenia to participate in the Sixth Armenian-Russian Interregional Forum and the Second International Forum of the Eurasian Partnership.

As the press service of the head of state reports, the president greeted the guest and attached importance to holding these forums aimed at expanding and developing Armenian-Russian cooperation. According to the head of the republic, the forums have become a platform for a meaningful dialogue and direct contacts between local authorities of the regions of the two countries, as well as representatives of the business and expert community.

The interlocutors attached importance to the periodic holding of such events, which, in their opinion, allows discussing topical issues of the agenda, identifying the potential for further development of cooperation between the two countries and taking steps for its full-fledged use. The sides touched upon the issues of expanding cooperation in strengthening and modernizing trade and economic ties between Armenia and Russia. Serzh Sargsyan expressed his hope that Manturov's visit will give a new impetus to the development of cooperation and cooperation between Armenian and Russian industrialists, as well as the implementation of joint initiatives whose opportunities are increased through cooperation within the framework of the EAEC.  It should be noted that, in general, Armenia's foreign trade turnover grew by 24.4% in January-August 2017, to $ 3.9 billion, including exports - by 21.7% to $ 1.4 billion, and imports - by 26% to $ 2.5 billion.  on foreign trade turnover with Armenia is Russia - trade turnover grew by 23.5% per annum in January- August 2017 to $ 991.8 million.

This was provoked by export growth of 36.6% to $ 310 million and import by 18.3% to $ 681.8 million.  According to the National Statistical Service of the Republic of Armenia, on these three indicators Russia holds the championship with a large margin.