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Armenia May Become A Key Country For Argentina To Win New Markets In

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  • Armenia May Become A Key Country For Argentina To Win New Markets In

    ARMENIA MAY BECOME A KEY COUNTRY FOR ARGENTINA TO WIN NEW MARKETS IN THE REGION

    YEREVAN, October 17. / ARKA /. Armenia may become a key country for
    Argentina to win new markets in the region, Beatrice Paglieri, the
    head of the foreign trade secretariat of the Ministry of Economy of
    Argentina, told ARKA.

    She said by saying 'region' she means the countries of Europe and
    Russia. She said also Argentina is known as a manufacturer of food
    products, biotechnology, nuclear energy and mining sector products.

    'Argentina has a big enough export potential, and we are developing
    a joint action plan with Armenia, which will be beneficial to both
    sides enabling cooperation in various fields," said Paglieri.

    The first three-day Armenian- Argentinean business forum has kicked off
    today in Yerevan and will run through October 19. Argentinean business
    people representing pharmaceuticals, textile and meat businesses have
    arrived in Armenia to take part in it. The event was initiated by the
    Armenian Development Agency (ADA) in cooperation with the embassy of
    Argentina in Armenia.

    According to the National Statistical Service of Armenia, Argentina
    was the largest foreign investor in the Armenian real economy sector
    in the first half of this year ($76 million), more than a ten times
    increase from the year before. Moreover, FDI from Argentina increased
    by 67.2 % to $8.2 million.

    The bulk of investments ($ 72.3 million) went to air transport,
    $565,000 to construction and $3.3 million to crop production and
    cattle breeding. -0-

    - See more at:
    http://arka.am/en/news/economy/armenia_may_become_a_key_country_for_argentina_to_ win_new_markets_in_the_region_/#sthash.Kcmqo77v.dpuf




    From: A. Papazian
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