Sargsian, who heads the Armenian-Russian intergovernmental commission from the Armenian side, made the remarks during his Friday meeting with Russian Transport Minister Igor Levitin, his Russian counterpart on the commission, which convened in the southern Russian city of Rostov-on-Don later that day.
According to the Armenian government’s press office, in his conversation with Levitin Sargsian was pleased to mention that “since the previous meeting of the commission some tangible growth has been observed in the trade and economic cooperation between our two countries.”
“Thus, trade between Armenia and Russia in 2010 grew by more than 10 percent to reach nearly $1 billion. And during the first four months of this year trade between our countries has increased by 13 percent as compared to the same period last year,” he said.
“What deserves great attention is the increase in the rate of export of Armenian goods to the Russian market, which in 2010 grew by more than 40 percent – this rate increased by 27 percent during the first four months of this year,” stressed the head of the Armenian government.
At a joint press conference with Sargsian following the meeting of the intergovernmental commission, Levitin, in his turn, announced that 10 bilateral agreements and a memorandum were being prepared for signing between the two sides. He also thanked Armenia for the establishment of the free economic zone.
“I think it will speed up the work of the enterprises that were handed over to the Russian side,” he said.
Levitin also stressed that Russia supported the allocation of funding by the Eurasian Economic Community for the modernization of the struggling Armenian chemical giant Nairit.
According to the Armenian government’s press office, in his conversation with Levitin Sargsian was pleased to mention that “since the previous meeting of the commission some tangible growth has been observed in the trade and economic cooperation between our two countries.”
“Thus, trade between Armenia and Russia in 2010 grew by more than 10 percent to reach nearly $1 billion. And during the first four months of this year trade between our countries has increased by 13 percent as compared to the same period last year,” he said.
“What deserves great attention is the increase in the rate of export of Armenian goods to the Russian market, which in 2010 grew by more than 40 percent – this rate increased by 27 percent during the first four months of this year,” stressed the head of the Armenian government.
At a joint press conference with Sargsian following the meeting of the intergovernmental commission, Levitin, in his turn, announced that 10 bilateral agreements and a memorandum were being prepared for signing between the two sides. He also thanked Armenia for the establishment of the free economic zone.
“I think it will speed up the work of the enterprises that were handed over to the Russian side,” he said.
Levitin also stressed that Russia supported the allocation of funding by the Eurasian Economic Community for the modernization of the struggling Armenian chemical giant Nairit.