ArmInfo. Within the EU, Armenia is one of the developed centers in the field of IT, pharmaceuticals and logistics, just as during the Soviet era the state was the most developed in these areas.
Armenian-Belgian Chamber of Commerce Valery Safarian stated on October 19 during the conference held within the framework of the visit of the first economic mission of Belgian entrepreneurs from the Wallonia region to Armenia.
"And being in isolation, Armenia needs the opening of markets and roads," he said. In particular, Mr. Safarian noted that nanotechnology is developed in Armenia, while Wallonia is also actively developing this area.
"Consequently, I think that there are prospects for opening joint ventures here. And in general, Belgium is interesting for Armenian entrepreneurs as a country that can open the EU to them," said the head of the Chamber.
In turn, Eric Bletard, Trade and Investment Counselor at Wallonia Export and Investment Agency emphasized that Armenia has a good reputation as a country with high IT potential. "Our companies have difficulty finding good IT specialists because universities do not train the required number of them. I think that Armenia in this sense is a country that can help Belgium. We have a lot in common," he concluded.
According to the RA Statistics Committee data, foreign trade turnover between Armenia and Belgium in January-August 2023 amounted to $96 million, which is 5.6% higher than the year-ago. In particular, the volume of exports of Armenian goods to Belgium amounted to $57 million, with an increase of 7.3% over the year, while the volume of imports increased by 3.1% to $39 million.
