ArmInfo. Multi-sectoral cooperation between Armenia and the Netherlands will continue to develop and strengthen. This was announced on November 22 by the RA Minister of Economy Gevorg Papoyan at a meeting with the Ambassador of the Kingdom of the Netherlands to Armenia Marieke Harriet Monroe-Winter.
"Both our countries are supporters of democracy and the rule of law, and we attach great importance to our economic cooperation," Papoyan emphasized.
As reported by the press service of the Ministry of Economy, during the meeting the parties discussed key areas of cooperation, including investment opportunities, export diversification, as well as the development of the agricultural and industrial sectors, including the pharmaceutical industry.
In this regard, Papoyan recalled that as part of export diversification, a laboratory for calibration of electrical quantities, time and frequency has already been opened in Armenia, which will contribute to improving the quality of products and services. The Ministry of Economy also added that it is planned to create three more calibration laboratories equipped with modern equipment.
In addition, Papoyan presented the government's "Crossroads of the World" project, which, according to him, could become an important element of both regional and broader economic cooperation. It should be noted that according to the RA Statistical Committee, foreign trade turnover between Armenia and the Netherlands decreased by 53.8% in January-September 2024, amounting to $123.5 million. In particular, exports decreased by 62.6% to $81.8 million, with imports falling by 13.8% to $41.7 million.
