Italian Trade and Investment Agency to establish presence in Armenia

ArmInfo. The Italian Trade and Investment Agency (Agenzia ICE) is set to open in Armenia. This was announced by the Italian Ambassador to Armenia Alessandro Ferranti during a meeting with the Armenian Minister of Economy,  Gevorg Papoyan.

The head of the economic department welcomed the initiative and  stated that the Armenia would do everything possible to strengthen  Armenian-Italian economic ties.  As reported by the press service of  the Ministry of Economy, the parties discussed the most promising  areas for cooperation, possibilities for diversifying export and  import directions, increasing trade turnover, modernizing  technologies, and implementing measures to expand trade and economic  ties between Armenia and Italy. They also discussed organizing  exhibitions and meetings in the B2B format and considered prospects  for expanding cooperation in the tourism sector. 

According to the Statistical Committee of the Republic of Armenia,  the foreign trade turnover between Armenia and Italy increased by  0.1% in January-November 2024, reaching 382.4 million. Exports  increased  by 4.4% to 61.2 million, while imports decreased by 0.7%  to 321.2 million.  From January to September 2024, 12,350 tourists  from Italy visited Armenia, which is 18.5% higher than the figure  from a year ago.