Armenia and Bahrain to stimulate mutual investments

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18.04.2013, 21:39

The Armenian government has approved today the signing of an agreement with the government of the Kingdom of Bahrain on encouragement and mutual protection of investments.

Armenia and Bahrain to stimulate mutual investments

YEREVAN, April 18. / ARKA /. The Armenian government has approved today the signing of an agreement with the government of the Kingdom of Bahrain on encouragement and mutual protection of investments.

The acting economy minister Tigran Davtyan said the agreement is prompted by the desire of the two countries to develop mutually beneficial economic cooperation.

"Promotion and protection of mutual investments will contribute to the development of business activity between the two countries," he said.

The government has also approved the signing of an agreement on cooperation in customs matters and mutual assistance between the two governments.

According to the National Statistical Service of Armenia, in 2011, imports from Bahrain to Armenia totaled about 70 thousand U.S. dollars. -0-

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