ArmInfo. Armenia has been recognized as one of the partner countries of the Import Promotion Desk (IPD) initiative of the German Federal Ministry for Economic Cooperation and Development. This agreement was reached following Minister of Economy Gevorg Papoyan's visit to Berlin.
According to the press service of the Ministry of Economy, this decision marks an important step in strengthening economic cooperation between Armenia and Germany, as well as enhancing Armenia's export potential. This will allow Armenian entrepreneurs to broaden their export reach, establish a foothold in German markets, and increase the visibility of Armenian products.
The IPD initiative serves as a bridge connecting small and medium-sized enterprises (SMEs) in partner countries with reliable importers from Germany and the European Union. The program provides technical assistance, market entry support, and targeted programs to develop export opportunities.
Minister Gevorg Papoyan noted that the Ministry of Economy of the Republic of Armenia will continue close cooperation with the German Federal Ministry for Economic Cooperation and Development (BMZ), as well as with partner organizations implementing this initiative, to ensure that Armenian producers meet European market standards, take advantage of export promotion tools, and participate in leading international exhibitions in Germany and other countries to successfully position their products in European markets.
It should be noted that, according to the Statistical Committee of the Republic of Armenia, trade turnover between Armenia and Germany decreased by 5.3% in January-August 2025, amounting to $297.3 million. Exports increased by 77.4% to $71.4 million, while imports decreased by 17.4% to $226 million.
