Karen Karapetyan urged Lebanese colleagues to consider the prospect of establishing an Armenian- Lebanese investment fund

ArmInfo. In general, now is the right time for investments in Armenia. This was stated by the Prime Minister of Armenia Karen Karapetyan on March 12 in Lebanon.  The Armenian Premier urged to consider the prospect of establishing an Armenian-Lebanese investment fund with a view to financing joint programs.

According to the press service of the executive body, the Armenian government delegation arrived in Lebanon with a three-day visit. After the official welcoming ceremony at the international airport of Beirut, the Armenian government delegation headed to the government residence where his Lebanese colleague Saad Hariri received the head of the Armenian government. The meeting of prime ministers in the format of tete-a-tete was followed by a meeting of representatives of the governments of the two countries in an expanded format.

Referring to the prospects for expanding the bilateral economic agenda, Karen Karapetyan stressed that Armenia can become a platform for Lebanese business to enter larger markets, taking into account Armenia's membership in the EAEU, the availability of FEZ on the border with Iran, and the preferential trade regime GSP + with the EU.

Karen Karapetyan presented to the colleagues from Lebanon the steps of the Armenian government aimed at improving the business environment in the country. At the same time, he suggested considering the prospect of setting up joint ventures in the field of light industry, jewelry, pharmaceuticals and agriculture.  The head of the Armenian Cabinet of Ministers noted the readiness of the Armenian side to share experience in the field of solar energy.  Saad Hariri, noting the importance of developing relations with Armenia, in turn called for investing in the Lebanese economy, in particular, in infrastructure projects, including in the context of public-private partnership.  Heads of government of the two countries discussed the course of cooperation in the spheres of agriculture, IT, tourism, culture, while expressing readiness to expand cooperation.