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Armenian-Belgian Business Forum Launched In Yerevan

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  • Armenian-Belgian Business Forum Launched In Yerevan

    ARMENIAN-BELGIAN BUSINESS FORUM LAUNCHED IN YEREVAN

    /PanARMENIAN.Net/
    25.05.2009 17:23 GMT+04:00

    Armenian-Belgian collaboration is on its way to development, Armenian
    Development Agency (ADA) Director General Robert Harutyunyan told a
    news conference. "This has been the first meeting we've organized
    jointly with Vallonia, Belgium. The main goal of the meeting is
    establishment of collaboration with Armenian and Belgian business
    circles to enable creation of joint enterprise and provision of
    product turnover," he said.

    According to Harutyunyan, the first Armenian-Belgian business forum
    was held last year. "Currently our task is to strengthen and develop
    our collaboration." According to Director General the collaboration
    will be established within UNIDO assistance framework.

    According to Harutyunyan, current collaboration level has been
    unsatisfactory so far, so it needs to be further developed. "At present
    there are no Belgian enterprises in Armenia, several companies with
    Belgian capital has been operating so far." In this connection he added
    that in 2008 direct investments in Armenia comprised $3,6 million,
    exceeding 2007 results by 2,5%, product turnover comprised $18,
    65 million within the same period.

    "Export and import between the two countries is presented in similar
    figures, but there's a chance to increase them. Business forums like
    this one will provide us with the possibility."

    Harutyunayn noted that mainly jewelry has been exported from
    Armenia. Foodstuff is being imported from Belgium. Besides, there are
    certain achievements in the sphere of rural production, pharmaceutical
    and chemical spheres, as well as information technologies.

    Belgian delegation including 11 companies' representatives is headed
    by General Director of Valloni Belgian state's Agency for external
    trade and investments, Phillip Syunen. Armenia was represented by
    ADA Director General, Robert Harutyunyan and Commercial Attache of
    Belgian Embassy in Russia Ivan Korsak.
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