Minister: Armenia able to double its agriculture exports to Russia

Minister: Armenia able to double its agriculture exports to Russia

YEREVAN, August 23. /АRКА/. Armenian Agriculture Minister Sergo Karapetyan is convinced that the country’s farmers are able to double their exports to Russia. 

“Many are skeptical about such statements, but I have no doubts about our ability to do it, since we have quite large reserves of fruits and vegetables,” he said Saturday at a news conference. “Besides, accession to the Eurasian Economic Union is a very important step to us in terms of sales of our products.”

The minister said that sanctions against Russia may spur Armenia’s agriculture exports to the country and double them.  

“Russia’s market is not new to us, and we have already received an official letter from the Russian agriculture ministry, in which our colleagues ask us to specify the volumes of the products to be sent to Russia,” he said. 

Karapetyan also said that Armenian meat products are highly demanded in Russia, but everything related to cooperation in this area will be settled later.  

According to the National Statistical Service, Armenia’s trade with Russia totaled $596 million in the first half of this year showing a 0.5% year-on-year decline. It made up 21.9% of Armenia’s foreign trade turnover. 

Armenia’s exports to Russia totaled about $133.9 million – 6.4% decline, and imports from Russia $462 million – 1.4%. --0---- 

18:11 23.08.2014

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