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Trade Opportunities Between Armenia And Orenburg Region Are Used Inc

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  • Trade Opportunities Between Armenia And Orenburg Region Are Used Inc

    TRADE OPPORTUNITIES BETWEEN ARMENIA AND ORENBURG REGION ARE USED INCOMPLETELY

    PanARMENIAN.Net
    May 20, 2010 - 14:46 AMT 09:46 GMT

    On May 20, Yerevan hosted an Armenian-Russian business forum within
    the framework of a visit of Orenburg delegation to Armenia.

    "Russia is basic investor of Armenia: around 70% of direct investments
    to the country come from Russia. The trade relations are also the most
    developed as compared with other countries. Thus, Armenia attaches
    importance to cooperation with Russian regions," Director of the
    Armenian Development Agency (ADA) Robert Harutyunyan said in his
    opening remarks.

    However, he noted that the trade turnover between Orenburg region
    and Armenia is too small and does not correspond to the available
    opportunities.

    "The fields of construction, energy, agriculture and food industry
    basically present interest for the bilateral cooperation," Harutyunyan
    said.

    An agreement on cooperation between Chambers of Commerce and Industry
    of Yerevan and Orenburg regions was signed during the business forum.

    17 entrepreneurs representing construction, machine building,
    mining industry, agriculture and other fields arrived in Yerevan
    from Orenburg.

    The trade turnover between Orenburg and Yerevan amounted to $103,000
    in 2009, including import - $57,400, export - $45,600. Currently,
    eight Armenian enterprises operate in Orenburg.
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