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Romanian Economy Minister Meets Armenia President

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  • Romanian Economy Minister Meets Armenia President

    ROMANIAN ECONOMY MINISTER MEETS ARMENIA PRESIDENT

    Agerpres news agency, Bucharest, Romania
    July 9 2013

    Bucharest, July 9 (Agerpres) -- Romanian Economy Minister Varujan
    Vosganian on Tuesday [9 July] met Armenia's President Serzh Sargsyan
    and Prime Minister Tigran Sarksian and he also attended the opening
    of the 4th session of the Romanian-Armenian Joint Inter-Governmental
    Commission on Economic Cooperation being held in the capital of Yerevan
    on July 8-10, the Economy Ministry announced in a release to AGERPRES.

    Vosganian attended the signing ceremony of the Cooperation Protocol
    between the Romania-Armenia and Armenia-Romania Bilateral Chambers of
    Commerce and Industry, which sets the framework of action for boosting
    the economic and commercial relations as part of the previously-signed
    accords and conventions and for identifying new forms of common
    actions in the economic area, while at the same time underscoring the
    importance of achieving large-scale projects. Special importance will
    be given to a more frequent participation of the Romanian and Armenian
    companies in the international fairs and exhibitions organized in
    Bucharest and Yerevan, the release said.

    The Romanian minister, during the talks with the Armenian officials,
    tackled topics relating the prospects facing the bilateral economic
    cooperation of Romania and Armenia and ways to step it up in such
    priority areas as trade, industry, small- and medium-sized businesses,
    tourism, regional development and public administration, transport,
    agriculture, environmental protection, the collaboration between the
    financial-banking institutions, the protection of the intellectual
    property rights, the cooperation of the national trade registries,
    co-working on scientific research and cooperation between the chambers
    of commerce and industry.

    Taking part in the meetings were Romanian ambassador in Yerevan Crina
    Prunariu and Armenian ambassador in Bucharest Hamlet Gasparian.

    The Romanian official delegation headed by Vosganian will be also
    attending the Bilateral Business Forum in Yerevan on July 10-12,
    the Ministry announced. The Romanian-Armenian Joint Commission
    is co-chaired by Vosganian and Armenian Minister of Transport
    and Communications Gagik Beglarian. The Romanian-Armenian trade
    totalled 7.87 million dollars in 2012, of which 7.25 million dollars
    worth of Romanian exports to Armenia and 0.62 million dollars in
    Romanian imports from Armenia, thus the trade balance had a 6.63
    million dollars balance in favour of Romania. The overall value of
    the bilateral exchanges dropped by 16 percent as compared to 2011,
    of which the export dropped by 18 percent and imports were up by 17
    percent. The commercial exchanges between Romania and Armenia were
    up by 6.2 percent in the four months of this year as compared to the
    same period a year ago; the exports increased by 14.6 percent and
    the imports shrank 93.3 percent.

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