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Ukraine, Armenia Boost Bilateral Trade

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  • Ukraine, Armenia Boost Bilateral Trade

    UKRAINE, ARMENIA BOOST BILATERAL TRADE

    ForUm, Ukraine
    Nov 11 2013

    Trade turnover between Ukraine and Armenia this year has grown 5%
    and at the end of seven months reached 117.1 million USD, the
    Information-Analytical Bulletin of the Cabinet of Ministers of
    Ukraine informs.

    "Our country is steadily implementing the course of European
    integration. At the same time we continue to develop relations with
    our strategic partners, one of which is Armenia. Trade turnover between
    our countries grew by 5%, and in the seven months of this year reached
    117.1 million USD. A promising direction is to deepen cooperation
    in the industrial sector, nuclear energy, agriculture, transport and
    communications," said Deputy Prime Minister Oleksandr Vilkul.

    Experts say Armenia plans to build a new nuclear power plant. The
    participation of Ukrainian companies in production of equipment for
    the nuclear power plant and directly in the construction project
    looks very appropriate and promising.

    To date, the domestic machine building industry has a significant
    capacity for production and delivery of the major equipment for
    construction and operation of nuclear power plants, other than reactor
    facility components.

    At the same time, government analysts note the dynamic development
    of bilateral cooperation in the field of transport, especially rail
    transportation. As of October 2013, the volume of railway traffic
    between the two countries amounted to 127,630 tons, which is up
    63.9% year-on-year. In road transport, the number of permits for the
    transportation of goods in 2013 was 2,600 on each side, which fully
    meets the demands of Ukrainian and Armenian haulers. However, of
    strategic importance is the intensification of regular flights between
    the countries. To date, only 3 Ukrainian airlines have permits flights.

    The Ukrainian side is also interested in development of bilateral
    trade in agriculture, potentially, in a supply to Armenia of domestic
    dairy and poultry products.

    The parties are also convinced of the importance of deepening
    cooperation in science and technology. This will allow to perform joint
    research projects and contribute to the establishment of partnerships
    between scientific communities.

    http://en.for-ua.com/news/2013/11/11/145342.html

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