Saturday, February 11 2023 11:38
Alina Hovhannisyan

Armenia, Portugal note high potential of trade and economic relations

Armenia, Portugal note high potential of trade and economic relations

ArmInfo. Minister of Economy of Armenia Vahan Kerobyan received newly appointed Ambassador Extraordinary and Plenipotentiary of Portugal to Armenia Madalena   Fischer. This was reported by the press service of the Ministry of   Economy.

During the meeting, the parties discussed the directions and areas of  effective cooperation between Armenia and Portugal, in particular,  noting in this regard the green economy, renewable energy, SMEs and  tourism. Kerobyan and Fischer pointed to the high potential of the  Armenian-Portuguese trade and economic relations, which should be  realized.

It is reported that the Minister presented to Ms. Fischer the current  programs implemented by the Ministry and the high economic indicators  of the Republic of Armenia registered recently.

It should be noted that the foreign trade turnover between Armenia  and Portugal in 2022 amounted to $12.5 million, which is 54.4% higher  than a year ago. It is worth noting that 99.9% of this volume is  accounted for by imports, the volumes of which increased by 64.4%  year-on-year.