ArmInfo. President of the Union of Manufacturers and Businessmen of Armenia (UMBA) Arsen Ghazaryan and Anna Donchenko, Trade Representative of the Russian Federation in Armenia, discussed the prospects for deepening trade ties.
According to the press service of the UMBA, Donchenko said that the body was tasked with increasing the volume of exports of products manufactured in the Russian Federation, expanding the range of imported goods and bilateral investments. In this context, in her words, the trade office studied the Armenian market and identified directions and priorities that are more promising in terms of expanding economic ties at this stage. In particular, the sectors of energy, chemical industry, metallurgy, agriculture, pharmaceuticals, information technology may be of interest in the context of mutual investments. The body also assists in the implementation of joint humanitarian and cultural programs.
Arsen Ghazaryan, in turn, noted the importance of deepening relations both in the bilateral format and within the EAEU. He stressed the importance of direct investments, the creation of joint ventures with further access to the markets of Iran and European countries. Anna Donchenko conveyed the invitation of the Minister of Trade and Industry of the Russian Federation Denis Manturov to take part in the International Industrial Exhibition, which will be held in Yekaterinburg on July 6 to July 9.
It should be noted that Russia is the leader in Armenia's foreign trade turnover with a volume of $ 288.3 million in January-February 2021, despite the reversal of the y-o-y dynamics from 9.9% growth to 12.5% decline. Russia retains leadership not only in this indicator, but also in exports and imports - $ 98.1 million and $ 190.2 million, respectively, the y-o-y dynamics of which has worsened - export growth slowed down from 4.7% to 2.2% with a reversal of the import trend from 12% - growth by 18.5% decline. This is evidenced by the final data of the RA Statistical Committee.
