Monday, September 13 2021 20:24

Mher Grigoryan: Trade and economic relations between Armenia and  Ukraine have great potential for development

Mher Grigoryan: Trade and economic relations between Armenia and  Ukraine have great potential for development

ArmInfo.On September 13, Deputy Prime Minister of Armenia Mher Grigoryan received Co-Chairs of the Armenian-Ukrainian Intergovernmental Commission on Economic Cooperation:  Minister of Social Policy of Ukraine Maryna Lazebna  from the Ukrainian side and RA Minister of Economy Vahan Kerobyan  from the Armenian side.

As the press service of RA Government reports, the meeting was also  attended by Ambassador of Ukraine to Armenia Ivan Kuleba and  Ambassador of Armenia to Ukraine Vladimir Karapetyan.

At the beginning of the meeting, M. Grigoryan stressed the importance  of organizing a meeting of the Armenian-Ukrainian intergovernmental  commission from the point of view of the development of social and  economic relations and identifying promising areas of cooperation. He  noted that trade and economic relations between Armenia and Ukraine  have great potential for development, for the implementation of which  the government is ready to work with colleagues from Ukraine.

Minister of Social Policy of Ukraine M. Lazebna, thanking for the  reception, noted that she had arrived in Armenia to participate in  the 8th meeting of the intergovernmental commission, accompanied by a  large representative delegation. She presented to the RA Deputy Prime  Minister the main issues on the agenda of the intergovernmental  meeting, stressing that thanks to the work done following the  meeting, bilateral cooperation will be improved.

During the meeting, the Deputy Prime Minister also noted the  importance of enhancing contacts between business communities, and  familiarizing Ukrainian businessmen with the advantages of the  Armenian market.

The parties touched upon the specifics of the social protection  policy pursued in the two countries, and also noted the importance of  exchanging experience in this area.

According to the RA Statistical Committee, the foreign trade turnover  between Armenia and Ukraine exceeded $ 82.3 million in January-July  2021, with a y-o-y growth of 2.3%. In particular, the export of  Armenian goods to Ukraine increased on a y-o-y terms by 7.4% - up to  $ 12.5 million, with an increase in imports of goods from Ukraine by  1.5% - up to $ 69.9 million. A year earlier, in January-July 2020,  these indicators were in decline: foreign trade turnover - by 8.9%,  in particular, exports - by 3.8% and imports - by 9.7%.