Armenia and Japan sign grant agreement on purchase of farming machines for vulnerable farmers

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Economy

04.09.2009, 22:51

Representatives of Armenian and Japanese governments have signed today in Yerevan a grant agreement whereby the Japanese government will provide Armenia with a fresh $1.5 million grant to be spent on purchase of farming machines for vulnerable farmers.

YEREVAN, September 4, /ARKA/. Representatives of Armenian and Japanese governments have signed today in Yerevan a grant agreement whereby the Japanese government will provide Armenia with a fresh $1.5 million grant to be spent on purchase of farming machines for vulnerable farmers.

The agreement was signed by Armenian minister of agriculture Gerasim Alaverdian and Misaki Ikegama, a counselor of the Japanese embassy in Moscow, Russia.

The Armenian minister said the grant will be used to buy 5 harvest combines and 30 tractors that will be leased to farmers.

It will be the 10-th Japanese grant for purchase of agricultural equipment. The first was made available back in 1997. A total of 63 combines and 305 tractors have been bought since then. Until 2001 the machines had been leased by farmers, after 2001 they were auctioned.

Misaki Ikegama said the grants are given to help raise the self-sustainability level of Armenian farmers and their living standards. He added that the Japanese government is interested in further strengthening of relations with Armenia and will continue to support its economic development. -0-

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