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-