Tuesday, September 14 2021 15:58
Alina Hovhannisyan

Armenia and Ukraine launched the improvement of trade and economic  relations

Armenia and Ukraine launched the improvement of trade and economic  relations

ArmInfo.After a long break of 8 years, a meeting of the Armenian-Ukrainian  intergovernmental commission on economic cooperation was held in  Armenia, within the framework of which an extensive protocol was  signed on cooperation in a number of areas, including trade and  economic, agricultural, social, educational, scientific, digital,  etc.

From the Armenian side, the document was signed by Minister of  Economy of Armenia Vahan Kerobyan, from the Ukrainian side - by  Minister of Social Policy of Ukraine Maryna Lazebna.

"Today is a significant day for Armenia and Ukraine. After a long  break, the two countries agreed on how to improve mutually beneficial  cooperation, people's lives, and the future of our countries, "said  Minister Maryna Lazebna.

During the briefing, the Minister admitted that the draft of the  initially drawn up minutes of the meeting of the intergovernmental  commission disappointed her somewhat, since it did not contain clear  positions, expected results, and specific dates. "We do not need a  protocol for the sake of a protocol, or a document that will remain  the protocol of the 8th meeting of the intergovernmental commission,"  she stressed.  Labezna expressed hope that today's meeting and  signing of memorandums will become a growth point for cooperation and  mutually beneficial relations between the countries. At the same  time, she assured that she would do everything necessary on her part  to advance the plans.

Noting that the agreement base with Armenia contains 59 documents,  the Ukrainian Minister stressed the need to sign a memorandum between  the ministries responsible for the social sector in Ukraine and  Armenia, and to revise the agreement in the field of social security.

In turn, Minister of Economy of Armenia Vahan Kerobyan pointed to the  high potential for the growth of trade turnover between the two  countries, referring to the existence of a free trade agreement. In  particular, he noted the prospect of cooperation between the  countries in the agricultural sector, given that Ukraine is the  leader in the production of agricultural products in the region. In  addition, from the point of view of the potential of the  Armenian-Ukrainian cooperation, Kerobyan also named the areas of  digital transformation, industry, metallurgy, the chemical industry,  etc. "I think our overall focus on achieving results will certainly  be effective. Our next meeting will take place in May next year in  Ukraine. I think that by this time we will already have good results,  "he said.

Answering an ArmInfo correspondent's question regarding investment  cooperation, Vahan Kerobyan said that a couple of weeks ago,  Enterprise Armenia, which is responsible for Armenia's foreign  investments, and Ukraine Invest, whose activities are aimed at  improving the investment climate in Ukraine, signed a memorandum of  cooperation. "This is a good agreement that will provide an  opportunity to accelerate cooperation between countries in the  investment field. In addition, today we discussed the possibility of  attracting investment Ukrainian funds, expanding the geography of  their activities in Armenia, "he said.

The Minister also said that during the meeting the parties came to an  agreement on the organization of an Armenian-Ukrainian business forum  in the near future. "I think that all these initiatives will  contribute to the creation of new joint projects and the improvement  of trade between the countries," Kerobyan assured.

In this context, in turn, Minister of Social Policy of Ukraine Maryna  Lazebna also spoke about the intention of the Ukrainian Chamber of  Commerce and Industry to organize a meeting of the business community  of the two countries. "This will help the business segment of our  countries to independently determine the directions of cooperation.  And we, for our part, as representatives of the government, should  only contribute to this by providing them with everything they need,"  she stressed.

It should be noted that at the end of the meeting of the  intergovernmental commission, a memorandum on cooperation and  regulation of radio broadcasting was also signed between the  Commissions on Radio and Television of the Republic of Armenia and  the National Council on Television and Radio Broadcasting of Ukraine.  According to Vahan Kerobyan, this document implies the broadcasting  of Ukrainian TV channels in the Armenian cable TV network, and the  broadcasting of Armenian TV channels in the cable TV network of  Ukraine.

According to the RA Statistical Committee, in 2020 the foreign trade  turnover between Armenia and Ukraine decreased by 13%, amounting to $  145.5 million. At the same time, exports maintained a positive trend,  demonstrating an increase of 7.2% to $ 26.4 million, while imports  fell by 16.4% up to $ 122.1 million

According to statistics, in January-July 2021, trade increased by  2.3%, providing a volume of $ 82.3 million. The volume of exports  increased by 7.4 to $ 12.4 million, imports - by 1.5% to $ 69.8  million