ArmInfo.Ambassador Extraordinary and Plenipotentiary of the Syrian Arab Republic to the Republic of Armenia Mohammad Ahmad Haj Ibrahim proposed to Minister of Economy of Armenia Vahan Kerobyan to organize an exhibition with the participation of Syrian business circle. The proposal was announced during today's meeting.
Also, according to the Ambassador, Syrian entrepreneurs are interested in opening a textile factory in Armenia. In this regard, the Ambassador stressed that the textile industry is sufficiently developed in Syria, to which Minister Kerobyan expressed his readiness to assist in the implementation of the announced idea of opening a Syrian production in Armenia. In particular, he informed the Ambassador that Armenia has a great experience in the textile industry in terms of labor, which can be used to organize the work of the factory.
As reported by the press service of the Ministry of Economy, during the meeting Vahan Kerobyan noting the high level of political relations between the countries, stressed that it is necessary to jointly raise the economic cooperation, which has high potential, to a similar level.
At the same time, the Syrian diplomat attached importance to Armenia's membership in the EAEU in the context of his country's entry into the markets of other member states of the Union.
The interlocutors also touched upon the prospects for cooperation in the tourism sector. In particular, Ambassador Mohammad Ahmad Haj Ibrahim said that the possibility of introducing a system for accepting payments in Armenian drams is being discussed in Syria.
To note, according to Armenia's customs data, in the first half of 2021 Armenia exported $ 5.7 million worth of goods to the Syrian market, which is 64.2% less than a year ago. The lion's share of exports fell on cigarettes, cigars and cigarillos. At the same time, the import of Syrian goods to Armenia on a y-o-y terms increased 3.2-fold, providing a volume of only $ 523.4 thousand.
According to statistics, during the reporting period, 240 Syrian tourists visited Armenia, which is 19.4% higher than a year ago.
It should be noted that the textile industry is also growing at an advanced pace in Armenia. In particular, in January-August 2021, the revenue of the textile industry increased 2.5-fold (against 42.5% decline a year earlier), compared to the same period in 2020, amounting to 1.2 billion drams. According to the data of the Statistical Committee of the Republic of Armenia, such dynamics was provoked by a tangible increase in the production of fabrics.
