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Russian-Armenian commission to discuss economic cooperation

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  • Russian-Armenian commission to discuss economic cooperation

    ITAR-TASS, Russia
    October 12, 2012 Friday 07:47 AM GMT+4

    Russian-Armenian commission to discuss economic cooperation

    YEREVAN October 12


    The Russian-Armenian inter-governmental commission on economic
    cooperation will convene for its 14th meeting in Yeveran on Thursday,
    October 12, to discuss the state of and prospects for relations
    between the two countries.

    The commission, co-chaired by Armenian Prime Minister Tigran Sargsyan
    and Russian Transport Minister Maxim Sokolov, will review the
    implementation of the decisions adopted at the previous meeting, as
    well as the state of and development of the legal framework for
    bilateral trade and economic relations.

    The agenda will also include cooperation in such fields as fuel and
    energy, transport, communications and information technologies,
    humanitarian projects and agriculture, healthcare, regional
    cooperation, the Russian delegation said.

    "Our countries cooperate most actively in all areas of interstate
    relations without exception. Over the past years, Russian-Armenian
    cooperation has developed into a rather complex and multifaceted
    structure, and the inter-governmental commission is called upon to
    service this structure," Sargsyan said.

    In his opinion, the inter-governmental commission "is an effective
    tool for taking inventory of cooperation and serves as a unique
    platform for discussing promising areas of joint work".

    The commission also "helps to adopt recommendations for the
    implementation of joint programmes and projects and to control their
    progress", the prime minister said.

    He stressed that "the questions of science, education and culture are
    also in the centre of the commission's attention".

    Russia plays a key role in ensuring Armenia's security and has a
    leading position in its economy, Sargsyan said earlier.

    "Today Russia plays a key role in Armenia's security system and it
    occupies a leading position in our economy," he said. "Russia is the
    main investor in the Armenian economy, one of its main creditors and
    one of the major foreign trade partners."

    "We are interested to improve these relations further, which is fully
    consistent with our national interests," the prime minister said.

    "Over the past 20-odd years we have not only preserved the
    centuries-old friendship between our peoples but we have also enriched
    it with new content and raised it to a qualitatively new level,"
    Sargsyan said, adding, "Strategic partnership between Armenia and
    Russia has crowned this friendship".

    "We give priority among others to diversification of economic
    cooperation between our countries. We are convinced that intensive
    interaction in sectors that build up innovation potential will give a
    boost to our economic cooperation. This will also allow us to fill our
    strategic partnership and allied relations between Russia and Armenia
    with new substance," he said.

    Trade turnover between Russia and Armenia in 2011 had reached one
    billion U.S. dollars.

    The two countries have good prospects in many sectors of the economy,
    primarily in the energy sector, the power industry, atomic energy, and
    many other serious projects.

    There is also a big potential in joint development of the
    agro-industrial sector in Armenia.

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