ArmInfo. "Despite any political decisions, we intend to continue to actively develop cooperation with Armenia," First Deputy Minister of Industry and Trade of the Russian Federation Sergey Tsyb told reporters on the margins of the opening of the annual industrial exhibition EXPO-RUSSIA ARMENIA on October 17 in Yerevan.
"Despite what political situations arise, I am sure that friendship between our countries and friendly relations that have been stable for many years is the main key to success, including the development of joint business. The Armenian people are friendly to us, and partnership with Armenia is strategic for Russia, "he said.
The Deputy Minister stressed the importance of expanding cooperation between the countries, but not only from the point of view of partnership at the company level, but also in terms of the transfer of technologies in Russia to Armenia. In this light, he noted that today Russian pharmaceutical companies are very active in positioning themselves on the Armenian market. "Over the past 7 years, substantial technological opportunities have been created in Russia for the production of complex drugs. We are ready to share this with our Armenian colleagues, to offer high-tech medical products to the Armenian population, which will strengthen the health of citizens," said Tsyb.
He noted that today there are many areas with the opportunity to establish partnership between Armenia and Russia, expanding the penetration of small and medium business, which, according to the deputy minister, is a litmus test in the development of the economy as a whole. Answering the question of ArmInfo, the deputy head of the department noted that Armenia and Russia should work on creating highly competitive products and their export to the markets of third countries. "In my opinion, our joint task is to promote the interests of Russian and Armenian companies to other markets," S. Tsyb stressed.
Speaking about the exhibition, the deputy minister noted that such events only bring together the interests of the parties, contributing to their strengthening. "The exhibition will make a worthy contribution to the development of trade and economic cooperation between the Russian Federation and the Republic of Armenia. This year, a large number of enterprises from various industrial areas, in particular in the fields of transport, energy, medicine, telecommunications, finance, etc., have shown particular interest in participating in the event. . that work by strengthening trade and economic cooperation between our countries, strengthen strategic partnership. In addition, participation in the exhibition provides us and our Armenian partners from ary to expand bilateral trade, strengthen trade, find new points of development, to expand bilateral economic cooperation as a whole ", - he concluded.
The exhibition EXPO-RUSSIA ARMENIA is held in Armenia for the eighth time with the support of the Foreign Ministry and the Ministry of Industry and Trade of Russia, the Embassy and the Trade Representation of Russia in Armenia, ministries and departments of the Republic of Armenia.
The event is attended by representatives of industrial enterprises, scientific and educational organizations in the fields of energy, engineering, metallurgy, automobile industry, mining, construction, transport, telecommunications, agriculture, medicine, education, etc. from Russia, Belarus, Kazakhstan and Armenia.
An extensive business program has been developed for the participants, which includes presentations, round tables directly at the ministries of the Republic of Armenia on energy and mining, transport and communications, agriculture, medicine, science and education with the participation of heads of departments and main divisions. On the margins of the exhibition will be an exchange of contacts in B2B format.
According to the RA Statistics Committee, the foreign trade turnover between Armenia and the Russian Federation in January-August 2018 amounted to $ 1.2 billion, with an annual growth of 22.3%. In particular, exports increased by 31.7% to $ 424.2 million, while imports grew by 17.9% to $ 805 million.