Thursday, August 8 2024 14:56
Marianna Mkrtchyan

Sameep Shastri: Armenia can play an important role for the BRICS countries

Sameep Shastri: Armenia can play an important role for the BRICS  countries

ArmInfo. Armenia can play an  important role for the BRICS countries in terms of accessing European  markets. This was stated by Sameep Shastri, Vice Chairman of the  BRICS Chamber of Commerce and Industry, in an interview with  journalists at the international forum "New Horizons of Cooperation  between Armenia and the EAEU with BRICS and SCO" on August 8 in  Yerevan.  He recalled that when the BRICS concept was first  introduced, many people were skeptical about it because the countries  are located in completely different parts of the world.  "But as we  have seen, this concept has proven itself. In relation to Armenia,  logistics routes can be very important because they could play a  significant role in moving towards Europe," Shastri noted.  When  asked to describe the practical steps being taken, the BRICS  representative acknowledged that things are not easy at the moment,  but assured that progress is not standing still.  "A couple of years  ago, we could not imagine the existence of electronic cars or  electronic banking, both of which are now actively being implemented.  Therefore, I believe that the most important step in logistics is  improving and developing infrastructure. Currently there are planes  that use more cost-effective energy sources. Consequently, it is  necessary to enhance the technological aspects of transportation  routes, create new roads and establish new routes for supplies,  deliveries and technological transfer," Shastri added.  At the same  time, he emphasized that for the BRICS countries, Armenia is  primarily interesting for its rich resources, especially in  agriculture. "In order for a shift of power to occur in the  international arena, we need countries that can develop their  economies and become strong players," he concluded.  Tatyana  Seliverstova, a member of the board of the ANO "Leaders of  International Cooperation", advisor to the director of the Chinese  Center for Technology Transfer of the SCO Member States and a  director of the BRICS business incubator, discussed the opening of  the Armenia-BRICS Business Cooperation Center in Yerevan today. She  emphasized that the main goal of the Center  is to promote Armenian  businesses in international arena with BRICS countries.  "Additionally, the center aims to attract investments and trade  partners from the BRICS countries to Armenia. It will be a  coordination hub for economic cooperation between Armenia and the  BRICS countries. We will find specialized partners at the request of  Armenian businesses, we will secure additional investments for  projects that have the potential to attract foreign investments  and  will facilitate business exchanges  between communities and  entrepreneurs," she concluded.

POST A COMMENT
Input digits     


News
Don Lambert: Don Lambert: "Crossroads of Peace" is to Armenia what the European Coal and Steel Community is to EU
ADB to focus on housing construction program for Artsakh forcibly displaced persons in Armenia in 2025ADB to focus on housing construction program for Artsakh forcibly displaced persons in Armenia in 2025
ADB forecasts slower economic growth in Armenia: 5% in 2025 and 4.7% in 2026ADB forecasts slower economic growth in Armenia: 5% in 2025 and 4.7% in 2026
Armenia, UAE discuss potential for enhancing mutually beneficial cooperation in various areasArmenia, UAE discuss potential for enhancing mutually beneficial cooperation in various areas
MyAmeria Star - Ameriabank presents a bank card and app for kids and teensMyAmeria Star - Ameriabank presents a bank card and app for kids and teens
Armenia interested in signing intergovernmental agreement on  cooperation in diamond industry with Congo Armenia interested in signing intergovernmental agreement on  cooperation in diamond industry with Congo 
Yerevan hosts 31st meeting of working group on canine issues of law  enforcement units of CIS customs services Yerevan hosts 31st meeting of working group on canine issues of law  enforcement units of CIS customs services 
Armenia`s dominant parliamentary faction proposes postponing terms of  submission of income statements Armenia`s dominant parliamentary faction proposes postponing terms of  submission of income statements 
One more free access to business lounges: IDBankOne more free access to business lounges: IDBank
Armenian vice-premier hosts IMF reps Armenian vice-premier hosts IMF reps 
Construction of  Ayg-1 solar power station  to start in early 2026Construction of Ayg-1 solar power station to start in early 2026
Diamond, gold transactions  significantly dropped, leading to a  decrease in Armenia`s foreign trade turnoverDiamond, gold transactions significantly dropped, leading to a decrease in Armenia`s foreign trade turnover
 Armenia`s foreign trade with  EAEU is decreasing, while it is seeking  to expand its trade with  EU Armenia`s foreign trade with EAEU is decreasing, while it is seeking to expand its trade with EU
Armenia  interested in importing rough diamonds from AngolaArmenia interested in importing rough diamonds from Angola
New tax administration assessment process launched at Armenia`s SRC:  TADATNew tax administration assessment process launched at Armenia`s SRC: TADAT
Macroeconomic policy issues discussed in ArmeniaMacroeconomic policy issues discussed in Armenia
Armenian Deputy PM, Russian President`s Special Representative  discuss efforts to boost  mutual tourist flow Armenian Deputy PM, Russian President`s Special Representative  discuss efforts to boost  mutual tourist flow 
Armenian president, UAE minister of energy and infrastructure discuss  bilateral business ties Armenian president, UAE minister of energy and infrastructure discuss  bilateral business ties 
In 2024,unemployment rate in Armenia increased from 12.4% to 13.9%In 2024,unemployment rate in Armenia increased from 12.4% to 13.9%
Birth rate declined and mortality rate  increased in ArmeniaBirth rate declined and mortality rate  increased in Armenia
Armenia`s service sector revenue rose by 12.4% in the first two monthsArmenia`s service sector revenue rose by 12.4% in the first two months
UAE supports Armenia`s efforts to establish peace in the regionUAE supports Armenia`s efforts to establish peace in the region
Alexander Tieman to lead IMF mission in ArmeniaAlexander Tieman to lead IMF mission in Armenia
Armenia`s trade sector stalled in growthArmenia`s trade sector stalled in growth
Armenia`s metallurgical industry shifted from annual growth to double-digit decreaseArmenia`s metallurgical industry shifted from annual growth to double-digit decrease
Power generation in Armenia  increased by 8.8%  in January-February 2025Power generation in Armenia  increased by 8.8%  in January-February 2025
Alcoholic beverage production in Armenia declined overall, except for whiskey and beerAlcoholic beverage production in Armenia declined overall, except for whiskey and beer
Foreign investments in  Armenian economy dropped significantly in 2024Foreign investments in  Armenian economy dropped significantly in 2024
Armenia`s industrial sector saw a 19.4% decline in January-February  2025Armenia`s industrial sector saw a 19.4% decline in January-February  2025
Tariffs on Armenian goods will have minimal impact on their US sales  - Armen KtoyanTariffs on Armenian goods will have minimal impact on their US sales  - Armen Ktoyan
Reduction in Armenia`s induistry, foreign trade seriously affect  economic activity growth Reduction in Armenia`s induistry, foreign trade seriously affect  economic activity growth 
How to protect your bank accounts and E-WalletHow to protect your bank accounts and E-Wallet
Minister: Armenia entering a new stage of digital developmentMinister: Armenia entering a new stage of digital development
Dollar, ruble transactions decreased in Armenia`s interbank foreign  exchange market, March 31-April 4, 2025 Dollar, ruble transactions decreased in Armenia`s interbank foreign  exchange market, March 31-April 4, 2025 
How to protect your bank accounts and E-WalletHow to protect your bank accounts and E-Wallet
Armenian government to subsidize airlines introducing new routes - Draft proposalArmenian government to subsidize airlines introducing new routes - Draft proposal
"From fundamental globalization to fundamental protectionism": CBA  Deputy Chairman presents potential impact of Trump`s decision on  Armenia`s economy
AraratBank: Supporting SMEs for About 20 YearsAraratBank: Supporting SMEs for About 20 Years
RA Ministry of Economy discusses the concept of establishing a  private investment fundRA Ministry of Economy discusses the concept of establishing a  private investment fund
Vahe Hovhannisyan, Noubar Afeyan discuss Afeyan Initiatives for  Armenia Foundation`s activities in ArmeniaVahe Hovhannisyan, Noubar Afeyan discuss Afeyan Initiatives for  Armenia Foundation`s activities in Armenia
Armenia  developing tourism cooperation with LithuaniaArmenia  developing tourism cooperation with Lithuania
Armenia proposes Vietnam to sign an agreement on avoidance of double  taxationArmenia proposes Vietnam to sign an agreement on avoidance of double  taxation
U.S.-imposed 10% duty on imported Armenia goods to cause greater  reduction in bilateral trade - economistU.S.-imposed 10% duty on imported Armenia goods to cause greater  reduction in bilateral trade - economist
Signing of Armenia-Azerbaijan peace treaty to have positive effect on  regional economy - research Signing of Armenia-Azerbaijan peace treaty to have positive effect on  regional economy - research 
IDBank – Supporting SMEsIDBank – Supporting SMEs
CEO: Siemens EDA plans to expand its programs in ArmeniaCEO: Siemens EDA plans to expand its programs in Armenia
Armenia, IMF discuss bilateral cooperation
Doing Digital Forum  held in Yerevan Doing Digital Forum held in Yerevan
Armenia`s March annual inflation driven by higher prices for food  products and servicesArmenia`s March annual inflation driven by higher prices for food  products and services
Armenia to take out EUR 45.3mln loan to improve healthcare quality Armenia to take out EUR 45.3mln loan to improve healthcare quality 
Armenia`s minister of territorial administration, KfW rep discuss  Kaps reservoir constructionArmenia`s minister of territorial administration, KfW rep discuss  Kaps reservoir construction
Armenia`s embassy sums up minister-led Armenian delegation`s visit  to Estonia Armenia`s embassy sums up minister-led Armenian delegation`s visit  to Estonia 
Concurrent membership in EAEU and EU impossible - RF Deputy FM Concurrent membership in EAEU and EU impossible - RF Deputy FM 
Martin Galstyan: In the age of knowledge-based economy, the mission of banks is not only to finance, but also to help businesses enhance their competitivenessMartin Galstyan: In the age of knowledge-based economy, the mission of banks is not only to finance, but also to help businesses enhance their competitiveness
Armenia, Vietnam developing business tiesArmenia, Vietnam developing business ties
Armenia, Vietnam discuss trade and economic relationsArmenia, Vietnam discuss trade and economic relations
Azerbaijan`s increased activity in the issue of constructing a  nuclear power plant poses certain challenges for ArmeniaAzerbaijan`s increased activity in the issue of constructing a  nuclear power plant poses certain challenges for Armenia
Armenia could bridge Vietnam with EAEU - Tran Thanh ManArmenia could bridge Vietnam with EAEU - Tran Thanh Man
Armenia, IMF discuss tax reforms Armenia, IMF discuss tax reforms
Read more
Exchange rates
09.04.2025
RUB4.560.00
USD391.780.77
EUR432.415.08
GBP501.832.98
CAD275.690.27
JPY27.020.39
CNY53.310.03
CHF466.189.02