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BISHKEK, (Itar-Tass) - Kyrgyz and Armenian presidents Askar Akayev and Robert Kocharian signed a treaty on “friendship, peace and cooperation” here on Thursday.

"The document is a brilliant evidence of the fact that both countries are striving for intensification of the bilateral cooperation," said Askar Akayev.

"The new treaty will lead our relations to the new level in all sectors humanitarian, cultural, scientific and technological, trade and economic," said the Kyrgyz president.

According to Akayev and Kocharian, the main attention will be paid to the economic relations, as the current trade turnover between Kyrgyzstan and Armenia "does not meet the real capabilities."

The presidents made a decision to set up an intergovernmental commission on cooperation the first meeting of which was held in Bishkek on Thursday.

"We have a number of directions for our mutually beneficial cooperation," said Akayev. First of al it is a jewelry business, production of software and electronic industry.

Members of Kyrgyz and Armenian government delegations signed on Thursday agreements on military cooperation, on avoiding of the double taxation and opening of the air service between Bishkek and Yerevan.
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