ArmInfo. In 2017 the trade turnover between Armenia and Russian grew by 26.1%. Such data was announced by the co-chairman of the commission from the Armenian side, Prime Minister Karen Karapetyan, on February 20 in Yerevan at the 18th meeting of the Armenian-Russian intergovernmental commission on economic cooperation.
According to the press service of the Armenian government, the export of Armenian goods to Russia grew by 44.6%, while imports of Russian goods - by 19.1%. Virtually everything that was planned for for 2017 has been implemented. "The growth in all indicators was registered with the Russian co-chairman of the commission, the Minister of Transport of the Russian Federation Maxim Sokolov outlined all possible directions for further development and ways of diversifying cooperation," the RA Prime Minister stressed. He added that in 2017 economic activity in Armenia increased by 7.7%, external trade by 26.9%, exports - by 25.2%, imports - by 27.8%. The growth in services was 14.4%, in industry - 12.6%, inflation was at the level of 2.6%.
"In January 2018, compared with the same period last year, economic activity in Armenia increased by 10.2%, in industry growth was 13.9%, in construction - 19.7%, external trade turnover grew by 47.6% , export growth - 45.25, imports - 48.9%, in the service sector - 15.5% .We are in a good trend and are interested in maximizing the participation of our Russian friends and partners in it," the RA Prime Minister said. He stressed that the Armenian-Russian intergovernmental commission is the most important platform for bilateral cooperation. Karen Karapetyan informed that an agreement was reached with Maxim Sokolov on the promotion of specific programs in various areas. "Today Armenia, being a small market, can become attractive for our partners to invest, because, on the one hand, it is a member of the Eurasian Economic Union, on the other hand, it has a preferential regime with a 180 million European market." An important topic of the talks was the issue of free economic zone in Meghri in the context of the expected signing of the agreement on free trade of the EAEU with Iran, and this site can become exceptional," Karen Karapetyan said. According to the Prime Minister, within the framework of public-private partnership, the construction sector, in particular, road construction, construction of reservoirs and other areas, may become a promising area for cooperation. Karen Karapetyan noted that he sees great potential in implementing programs from the Russian-Armenian investment fund in terms of import substitution in the Russian Federation and leasing of agricultural machinery.
"Taking into account also the availability of the GSP + preferential regimes with the European Union, GSP with the USA, Japan, Switzerland, Norway, we are ready to create favorable conditions for Russian capital so that the latter, based on their interest, expand their activities in Armenia," Karapetyan said.
The Russian co-chairman of the commission, Transport Minister Maxim Sokolov, expressed gratitude to the Prime Minister of Armenia for constructive assessments. He stressed that after the last meeting of the commission in July 2016, numerous meetings were held, both in a bilateral format, and between members of the commission and departments of the two countries. "Our interaction has always been at the highest level, and we can say that at present it has reached a certain level, which is fixed in economic terms." Speaking exclusively in figures, bilateral trade reached a record level in our relations, reaching $ 1,7 billion is pleased with the fact that the products produced in Armenia are being exported to Russia in large increments, according to our estimates, the volumes of its exports increased by more than a third in 2017 compared to 2016. We connect this with the stable economic development of Armenia and Russia, but also with the deepening integration processes within the Eurasian Economic Union", said the Russian minister. He added that with accession to the EAEU, Armenia had the opportunity to enter the 180 millionth market, within which free movement of goods and services, the lack of customs control, the application of uniform sanitary, phytosanitary and veterinary rules were guaranteed. "All this creates conditions for Armenia to increase investment flows, and we see the interest of Russian capital. Today's partners are our partners who plan to develop their programs in road construction, public-private partnership programs, and in the sphere of information technologies, in all spheres of our cooperation, including, of course, we see great potential in these areas," said Maxim Sokolov.