Thursday, August 25 2022 22:50
Naira Badalian

There is a strong growth in trade turnover within EAEU, this should  be recorded, but we should not relax:  Pashinyan

There is a strong growth in trade turnover within EAEU, this should  be recorded, but we should not relax:  Pashinyan

ArmInfo.Prime Minister of Armenia Nikol Pashinyan, who is in Kyrgyzstan's Cholpon-Ata on a working visit, the Heads of Government participating in the regular  session of the Eurasian Intergovernmental Council met with the  President of Kyrgyzstan Sadyr Japarov.

As the press service of the RA PM reports, Prime Minister of  Kyrgyzstan Akylbek Japarov met the heads of the delegations and  accompanied them to the meeting hall.  The President of Kyrgyzstan  welcomed the Heads of Government and expressed hope that the session  of the Eurasian Intergovernmental Council to be held in Cholpon-Ata  will be productive for the development of further cooperation.

Prime Minister Pashinyan thanked the President of Kyrgyzstan for the  warm reception and said, "An important session is expected, we have a  big and full agenda on important issues. I hope that we will manage  to come to concrete decisions, leaving as little work as possible to  the meeting of the Eurasian Supreme Council. I can note that the  negative forecasts in the Eurasian economic area did not come true,  on the contrary, our perception of the situation was confirmed,  because we had clearly recorded that the situation created after the  pandemic, of course, brings with it new challenges, but also creates  new opportunities. I am glad that we are focused on that agenda,  which aims to manage the challenges and seize the opportunities that  are created. When we look at the trade turnover indicators within the  Eurasian Economic Union, we see that there is strong growth compared  to 2021. Of course, this should be recorded, but we should not relax,  because the hard times are unfortunately not over. It is necessary to  focus on trying to maintain the pace of trade turnover between EAEU  countries. I am confident that we will work efficiently and the  decisions to be taken will be useful for our citizens, countries and  the Union."

According to the data of the RA Statistical Committee, the share of  the EAEU countries in the foreign trade turnover of Armenia continues  to grow, reaching 33.6% (over $1.733 billion) by the end of H1 2022,  and 52.5% over the same period last year. Leadership in terms of  foreign trade turnover is held by Russia with a volume of $1.651  billion in H1 2022, with an acceleration of y-o-y growth from 16% to  50.1%. Russia retains leadership not only in this indicator, but also  in exports and imports - $542.8 million and $1.1 billion,  respectively, with an acceleration in the growth of both exports from  36% to 48.4% and imports from 8.1% to 51%. The volume of trade  turnover with Belarus for January-June 2022 amounted to $58,972.6  thousand (a 2-fold increase compared to the six months of 2021) with  Kazakhstan - $21,590.2 thousand (a 3.1-fold increase), with  Kyrgyzstan amounted to $1,891.1 thousand (an increase of 52%).