Armenian- Russian cooperation set to advance –president

Armenian- Russian cooperation set to advance –president

YEREVAN, December 2. / ARKA /. The new level Armenian- Russian economic cooperation will complement the existing level of political dialogue and strategic cooperation between the two countries, President Serzh Sargsyan said today when addressing the third Armenian-Russian interregional forum in Armenia’s Gyumri.

The president stressed that although very little time has passed after Armenia’s decision to join the Customs Union, tremendous work has been done including passage of a decision by the Supreme Eurasian Economic Council, a memorandum signed by the government of Armenia and the Eurasian Economic Commission. He said 22 working groups were set up to prepare all the measures and legislative changes.

Serzh Sargsyan said the parties have reconciled a set of mechanisms to offer Armenia some advantages and preferences.

The president added that Armenia has achieved significant results in business administration recalling that the country ranks sixth in the world in terms of ease of business registration, and is ahead of all CIS countries in rankings of economic freedom and business climate.

“Armenia has a great potential in the field of information technology, agriculture, jewelry manufacturing and tourism. The policy of open skies adopted by Armenia recently offers new prospects for expansion of air links, including Russia’s regions,” said Sargsyan.

He said 12 daily flights link Yerevan and Moscow. There are also flights between Yerevan and Russian St. Petersburg. St. Petersburg and Moscow are linked also with Armenian Gyumri. Overall, according to Sargsyan, 130 flights are operated a week between Armenia and 19 cities in Russia.

He said Armenia offers the easiest and shortest way for Russian companies to enter Iran and the Gulf countries. 

“We have adopted a legislature for establishing fee economic zones, making Armenia attractive for investment," said the president.

He also recalled that Armenia has about 1,300 companies with Russian capital - more than a quarter of all economic entities with foreign capital. The president said Armenia and Russia will sign today an agreement that will bring the leading Russian oil company Rosneft to Armenia.

According to Sargsyan, Russia is Armenia’s major trade partner. In 2012 their bilateral trade amounted to $1.3 billion, a 20 percent surge from the previous year.  

"I believe that the program for long-term cooperation between Armenia and Russia until 2020 will contribute to development of our bilateral trade and economic ties,” Sargsyan said. -0-

18:10 02.12.2013

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