Wednesday, July 6 2022 10:43
Alina Hovhannisyan

Shirak Port industrial park construction to be launched in Armenia`s  Gyumri next year

Shirak Port industrial park construction to be launched in Armenia`s  Gyumri next year

ArmInfo.The construction of the Shirak Port industrial park will be launched in Armenia's Gyumri next year, Armenia's Minister of Economy Vahan Kerobyan stated at the  International Industrial Trade Fair INNOPROM 2022 in Ekaterinburg,  Russia.

The intensified Armenian-Russian industrial cooperation necessitates  the creation of industrial estates. 

Mr Kerobyan called on Russian companies to participate in such  projects and pointed out a number of advantages, particularly tax  benefits, logistic communication and efficient sales market search. 

Among the prospective fields for Armenian-Russian joint ventures are  the chemical industry, metallurgy and hi-tech production. Mer  Kerobyan also stated that over 1,200 companies with Russian capital  have launched their activities since this March. 

He highlighted the importance of settling the product certification  issue and said that a number of producers participating in the  International Industrial Trade Fair INNOPROM 2022 have problems  entering the Russian market. 

"The Eurasian register of industrial products is not yet operating,  but requirements are in effect. It is most important to remove  obstacles to our mutual trade as soon as possible and fill the gaps  in supplies of industrial goods, medicines and so on," Mr Kerobyan  said. 

In this context he mentioned relevant work with Russia. Russian  Premier Mikhail Mishustin visited the Armenian pavilion and  instructed the relevant agencies to resolve the problems as soon as  possible. 

"We hope the obstacles will be removed in the foreseeable future," Mr  Kerobyan said.

Last April, Mr Kerobyan announced the creation of four industrial  parks, which would be constructed in Abovyan, Gyumri, Ararat and  Meghri as a result of cooperation between the government and private  sectors. 

He stressed the industrial parks would have high-tech infrastructures  that would enable foreign investors to launch their production. 

Industrial parks will open up ample opportunities for companies to  enter European markets. Speaking of Gyumri, Mr Kerobyan said that the  creation of a "Dry port" was under consideration - an industrial park  with developed communication lines, including a railroad. The Gyumri  park was to ensure 3% of Armenia's GDP. 

Armenian-Russian trade totaled $903.4mln this January-April, with  exports totaling $280mln (a 26.4% growth), with imports totaling  $623.4mln (a 42.1% growth).

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