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MINSK HOSTS MEETING OF BELARUSIAN-ARMENIAN COMMISSION FOR ECONOMIC COOPERATION
News of Belarus
Nov 6 2012
MINSK, 6 November (BelTA) - Belarus and Armenia need to apply a
systemic approach to the trade and economic relations, Armenia
Economy Minister Tigran Davtyan, said during the 9th meeting of
the intergovernmental Belarusian-Armenian commission for trade and
economic cooperation, which was held in the Forestry Ministry, BelTA
learnt from the spokesperson of the ministry Ruzhena Novitskaya.
The meeting was chaired by Forestry Minister of Belarus Mikhail
Amelyanovich and Economy Minister of Armenia Tigran Davtyan. The
meeting was attended by representatives of a number of ministries,
agencies and other interested organizations of the two countries.
Mikhail Amelyanovich noted that in recent years, the
Belarusian-Armenian cooperation has been quite vibrant. An active
political dialogue contributes significantly to the economic
cooperation.
"Since the eighth meeting of the commission, considerable work has
been done to boost bilateral economic cooperation. Thus, from 2000
to 2011 the trade between the countries went up 14 times from $2.3
million to $32.4 million," the minister said. However, the mutual
trade could be bigger. The economic potential, according to Mikhail
Amelyanovich, is not used to the full. Therefore, mutual efforts
are needed to intensify cooperation. The ministry believes that the
Belarusian-Armenian commission for trade and economic cooperation will
play a key role in promoting mutually beneficial relations between
the two countries.
The Armenian minister, for his part, stressed that the economies
of Belarus and Armenia are growing rapidly, increasing industrial,
financial and investment capacities. There is full mutual understanding
at the highest political level. Trade between the countries increases
every year, joint ventures are set up, and investment projects are
implemented. Therefore, he said, there are opportunities for expanding
mutually beneficial cooperation.
Tigran Davtyan stated that the two countries should put the trade and
economic relations on a systemic track so that joint projects would
not be isolated cases but become long-term covering broad areas of
economic activity. This is the main task of the Belarusian-Armenian
Commission, he considers.
Belarus is an important trading partner of Armenia ranking third
among the CIS countries (after Russia and Ukraine).
In January-August 2012 the trade between the two countries totaled
$28.4 million, up 60.6% from the same period a year earlier. Export
made up $24.1 million (up 57.2%), import came to $4.3 million
(up 82.5%).
Belarus' main exports to Armenia are tyres, trucks, milk and dairy
products, pharmaceutical products, component parts for trucks and
tractors. In Armenia there is a well-developed commodity distribution
network of Belarusian companies (over 25 companies). Three companies
have been opened in Armenia with the Belarusian capital. The
Armenian-Belarusian Trading House Ar-Be features over 10,000
descriptions of Belarusian products.
Armenian main imports to Belarus are strong drinks, siliceous earth,
pharmaceutical products and tobacco.
In 2011 Armenian FDI in Belarus totaled $8.4 million. In July 2012
a joint production of Armenian cognac opened in Minsk. The parties
are currently working on opening an Armenian trading house in the
Belarusian capital.
The sides stressed that the potential of the trade and economic
relations is still huge. The parties have agreed to intensify bilateral
cooperation in industry, strengthen cooperation ties, set up joint
companies, establish direct contacts between economic operators of the
two countries. In this respect, a number of ministries, departments
and other stakeholders have been instructed to develop cooperation in
the industrial production, agriculture, jewellery, IT, international
motor transportation and other areas.
The parties also discussed cooperation in the humanitarian area,
interregional cooperation. The commission stressed that a strong
legal framework has been developed between the regions of Belarus
and Armenia.
Mikhail Amelyanovich and Tigran Davtyan expressed confidence that
the bilateral cooperation of Belarus and Armenia would continue
developing. According to them, there are big reserves for it, in
particular, for trade growth, implementation of investment projects
and diplomatic agreements.
Chairmen of the commission Mikhail Amelyanovich and Tigran Davtyan
signed the relevant protocol after the meeting.
The next meeting of the commission is due to take place in Yerevan
in October 2013.
http://news.belta.by/en/news/econom?id=698088
News of Belarus
Nov 6 2012
MINSK, 6 November (BelTA) - Belarus and Armenia need to apply a
systemic approach to the trade and economic relations, Armenia
Economy Minister Tigran Davtyan, said during the 9th meeting of
the intergovernmental Belarusian-Armenian commission for trade and
economic cooperation, which was held in the Forestry Ministry, BelTA
learnt from the spokesperson of the ministry Ruzhena Novitskaya.
The meeting was chaired by Forestry Minister of Belarus Mikhail
Amelyanovich and Economy Minister of Armenia Tigran Davtyan. The
meeting was attended by representatives of a number of ministries,
agencies and other interested organizations of the two countries.
Mikhail Amelyanovich noted that in recent years, the
Belarusian-Armenian cooperation has been quite vibrant. An active
political dialogue contributes significantly to the economic
cooperation.
"Since the eighth meeting of the commission, considerable work has
been done to boost bilateral economic cooperation. Thus, from 2000
to 2011 the trade between the countries went up 14 times from $2.3
million to $32.4 million," the minister said. However, the mutual
trade could be bigger. The economic potential, according to Mikhail
Amelyanovich, is not used to the full. Therefore, mutual efforts
are needed to intensify cooperation. The ministry believes that the
Belarusian-Armenian commission for trade and economic cooperation will
play a key role in promoting mutually beneficial relations between
the two countries.
The Armenian minister, for his part, stressed that the economies
of Belarus and Armenia are growing rapidly, increasing industrial,
financial and investment capacities. There is full mutual understanding
at the highest political level. Trade between the countries increases
every year, joint ventures are set up, and investment projects are
implemented. Therefore, he said, there are opportunities for expanding
mutually beneficial cooperation.
Tigran Davtyan stated that the two countries should put the trade and
economic relations on a systemic track so that joint projects would
not be isolated cases but become long-term covering broad areas of
economic activity. This is the main task of the Belarusian-Armenian
Commission, he considers.
Belarus is an important trading partner of Armenia ranking third
among the CIS countries (after Russia and Ukraine).
In January-August 2012 the trade between the two countries totaled
$28.4 million, up 60.6% from the same period a year earlier. Export
made up $24.1 million (up 57.2%), import came to $4.3 million
(up 82.5%).
Belarus' main exports to Armenia are tyres, trucks, milk and dairy
products, pharmaceutical products, component parts for trucks and
tractors. In Armenia there is a well-developed commodity distribution
network of Belarusian companies (over 25 companies). Three companies
have been opened in Armenia with the Belarusian capital. The
Armenian-Belarusian Trading House Ar-Be features over 10,000
descriptions of Belarusian products.
Armenian main imports to Belarus are strong drinks, siliceous earth,
pharmaceutical products and tobacco.
In 2011 Armenian FDI in Belarus totaled $8.4 million. In July 2012
a joint production of Armenian cognac opened in Minsk. The parties
are currently working on opening an Armenian trading house in the
Belarusian capital.
The sides stressed that the potential of the trade and economic
relations is still huge. The parties have agreed to intensify bilateral
cooperation in industry, strengthen cooperation ties, set up joint
companies, establish direct contacts between economic operators of the
two countries. In this respect, a number of ministries, departments
and other stakeholders have been instructed to develop cooperation in
the industrial production, agriculture, jewellery, IT, international
motor transportation and other areas.
The parties also discussed cooperation in the humanitarian area,
interregional cooperation. The commission stressed that a strong
legal framework has been developed between the regions of Belarus
and Armenia.
Mikhail Amelyanovich and Tigran Davtyan expressed confidence that
the bilateral cooperation of Belarus and Armenia would continue
developing. According to them, there are big reserves for it, in
particular, for trade growth, implementation of investment projects
and diplomatic agreements.
Chairmen of the commission Mikhail Amelyanovich and Tigran Davtyan
signed the relevant protocol after the meeting.
The next meeting of the commission is due to take place in Yerevan
in October 2013.
http://news.belta.by/en/news/econom?id=698088