YEREVAN, August 27. /ARKA/. Armenian Economy Minister Vahram Avanesyan, co-chair of Armenian-Belarusian Intergovernmental Commission for Economic Cooperation, speaking today at a briefing after the commission’s 10th session in Yerevan, said that trade and economic relations between the two countries should be raised to a new level.
Congratulating participants on completion of the two-day session, he said that a good job has been done within these two days – trade, economic and humanitarian ties between the two countries have been discussed. Contractual and legal issues have been discussed as well.
The minister said that the two countries officials placed it on record that a firm groundwork is already laid for development of Armenia-Belarus relations in all the areas of mutual interest.
“We have also pointed out certain progress in economic relations, but we still have plenty to do here to develop them to a higher level,” Avanesyan said. “It applies to trade, mutual investments and economic projects.”
His fellow co-chair, Belarusian Forestry Minister Mikhail Amelyanovich, on his side, expressed confidence that the protocol signed upon completion of the session will spur economic relations between the countries.
“Our cooperation is developing from year to year and trade turnover is growing,” he said. “But there are still untapped reserves and opportunities in some areas of mutual interest. That is why we outlined particular ground for cooperation and joint projects which will enable us to use this potential.”
The first session was held in January in 2000 in Minsk.
On May 26, 2001, the parties signed an investment-protecting agreement, which took force on February 10, 2002.
According to the latest data, ten companies with Belarusian capital operate in Armenia now.
National Statistical Service of Armenia says trade between Armenia and Belarus amounted to $20.1 million in Jan-May 2013 – 19.7% year-on-year growth. ----0----