ArmInfo.The trade turnover between Armenia and Russia this year may exceed $ 2 billion. Such a forecast was told by its director Svetlana Zabelina on October 17 at the opening of the eighth annual international industrial exhibition EXPO-RUSSIA ARMENIA.
"The common space, of course, facilitates the trade process. When we held the first exhibition, the trade turnover between our countries could not come close to the $ 1 billion mark. At the end of last year, the volume of mutual trade between Armenia and Russia amounted to $ 1.7 billion. According to the latest data of the current year growth has already been fixed at 26%. In particular, thanks to the holding of such events, I think we will be able to increase the volume of trade even more, "she noted.
However, according to her, this year there were certain difficulties with the organization of the exhibition. "Many large companies canceled their trip to Armenia based on the political situation, but small and medium businesses are here. We hope that everything will be fine, since Armenia is a friendly country for Russia," she explained.
According to the director of EXPO-RUSSIA ARMENIA, over 10 years of the exhibition, representatives from more than 1,000 enterprises, about 5,000 business people, came to Russia from Armenia. In particular, this year about 100 enterprises from 7 regions of Russia are participating. Moreover, the geography of the participants has changed. "Initially, in the first year of the exhibition opening, only Russian companies participated. The following year, the Armenian side joined. This year the exhibition also features pavilions of Kazakhstan and Belarus," S. Zabelina said.
As part of the EXPO-RUSSIA ARMENIA exhibition, as she noted, a business forum is expected, as well as a cultural program, namely, show 2
Russian films, master classes in floristics, and there will be a big presentation of Russian universities - Russia Study for Armenian students, applicants and schoolchildren.
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.
