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Germany is Armenia's major trade partner in EU; prime minister says

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  • Germany is Armenia's major trade partner in EU; prime minister says

    Germany is Armenia's major trade partner in EU; prime minister says


    YEREVAN, December 7. / ARKA /. Germany is the main trade partner of
    Armenia in the European Union, Prime Minister Tigran Sargsyan said in
    his speech at the two-day Armenian-German business forum in the office
    of the German Commerzbank in Frankfurt.

    "Germany has always supported Armenia's economic development, endorsed
    our economic and political reforms. Therefore, I would like to express
    my gratitude to the government of Germany for long financial and
    technical assistance, which in terms of volume and efficiency is the
    largest in the EU", Sargsyan was quoted as saying by the government
    press service.

    The forum was attended by Director of the Department of Financial
    Institutions of Commerzbank Pierre Fischer, as well as representatives
    of Armenian and German companies operating in banking system, high
    technology, and energy, agriculture and mining industries.

    The forum discussed development of bilateral business ties, joint
    programs, as well as issues related to macro-economic situation in
    Armenia and the European region.

    According to Armenia's National Statistical Service, the trade
    turnover between Armenia and Germany in January-October 2012 amounted
    to $354.7 million, an increase of 7.4 percent compared to the same
    period in 2011. It accounted for almost 8 percent in Armenia's overall
    foreign trade. -

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