Thursday, December 14 2017 15:22
Alina Hovhannisyan

Armenia and Russia in search of new opportunities to improve the efficiency of food trade

Armenia and Russia in search of new opportunities to improve the efficiency of food trade

ArmInfo. To increase the efficiency of the Armenian-Russian trade in foodstuffs, it is necessary to consider all possible formats of cooperation. Deputy Minister of Economic Development and Investments of the Republic of Armenia Hovhannes Azizyan said this on December 14 during the meeting of the Armenian-Russian working group on the development of effective mechanisms for food trade.

As the press service of the ministry reports, during the meeting the parties came to an agreement on mutual provision of the necessary information to continue effective work. In particular, the Armenian side will prepare data of Armenian enterprises interested in cooperation with Russian companies and a list of agricultural products and foodstuffs for export. In turn, the Russian side undertook to provide information on demand. "Increasing export volumes is one of the key tasks of the Armenian economy, for which the government is conducting consistent work in search of new opportunities," the deputy minister said.

Representatives of the St. Petersburg wholesale distribution center of agricultural goods LLC Agropolis North-West, a Russian company Agropark Management and a specialized consulting company in the field of logistics participated in the meeting in addition to interested Armenian agencies, in particular government agencies and private companies and supply chain management LFA (Logistics Field Audit).  Managing Partner, Executive Director of LFA Andrey Khlus detailed acquaintance of Armenian colleagues with the process of development of the agrologist system in Russia. The general director of "Agropolis North-West", together with the managing partner of "Agropark management" Alexey Yuriev, presented the project of the managing center "Agropark Samara", the launch of which is planned in the summer of 2018.

According to the National Statistical Service of the Republic of Armenia, in Jan-Oct 2017, Russia retains the leading position in terms of foreign trade turnover. Thus, during the reporting period, the volume of trade between the RA and the Russian Federation accelerated the growth rate to 24.1% from last year's 13.4%, exceeding $ 1.337 billion. At the same time, exports and imports increased $ 428.1 million and $ 908.6 million, respectively, Import from 3.3% to 16.8% with a slowdown in export growth from 52.8% to 43%. In particular, among the dominant items of Armenian exports, annual growth was recorded on finished food products - by 23.2% to $ 407.7 million.

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