ArmInfo.Armenia and Korea are ready to deepen economic cooperation by implementing new programmes, the RA Ministry of Economy reports referring to a meeting between Armenia's Minister of Economy Gevorg Papoyan and Mr Chung Byung-won, Deputy Foreign Minister For Political Affairs of Korea.
According to the source, the parties discussed the prospects for bilateral economic cooperation, in particular in the areas of environmental protection, renewable energy, waste management, plastic recycling, solar and wind energy production, and the green economy.
Gevorg Papoyan introduced the guest to the investment opportunities of Armenia and the reforms being carried out in the field, the policies and priorities of the government in the economic sector. Attaching the importance of economic diversification, the minister pointed to the need to deepen industry cooperation with Korea. He also presented the Armenian government's project "Crossroads of Peace".
According to the RA Statistical Committee, foreign trade turnover between Armenia and Korea in 2023 increased by 83.5%, amounting to $193.5 million. At the same time, exports showed a significant increase (4 times) to $42.9 million, with an increase in import volumes by 58.9% to $150.6 million.
