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Walloon And Flanders Compete In Activating Trade Relations With Arme

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  • Walloon And Flanders Compete In Activating Trade Relations With Arme

    WALLOON AND FLANDERS COMPETE IN ACTIVATING TRADE RELATIONS WITH ARMENIA

    arminfo
    2007-12-19 23:29:00

    ArmInfo. A business-forum of business circles representatives of
    Armenia and Belgium took place at the Armenian Development Agency
    (ADA), Wednesday.

    Directors of 14 Belgian companies familiarized themselves with
    economic policy of Armenia, the macroeconomic situation, tax and
    customs legislation, the possibilities for export and import in the
    sphere. "Armenia and Belgium don't have land boundaries, nevertheless,
    the potential of the cooperation is not fully realized", Belgian
    Ambassador Charles Ghislain (residence in Brussels) said at the
    forum. He said that the majority of businessmen arrived in Armenia
    have Armenian roots and, on the whole, the existence of Armenian
    Diaspora in Belgium is an extra stimulus for successful development of
    bilateral relations. Armenian President Robert Kocharian's official
    visit to Brussels in October 2007 became a tangible impetus for the
    Armenian-Belgian relations, the diplomat said.

    As ADA Director Tigran Davtyan emphasized in his talk with ArmInfo
    correspondent, Heads of 14 Belgian companies represent different
    branches of economy. "Earlier, export and import of diamond
    processing industry made up 98% of commodity circulation between
    Armenia and Belgium, which in its turn made up 130mln USD. Presently,
    the branch experiences a crisis in view of the known processes in
    the international markets and we try to diversify our cooperation, to
    compensate the losses with new directions of partnership", T. Davtyan
    said. According to him, woodworking industry, power economy, high
    technologies, engineering, banking system will become new directions
    in the trade relations. The hundreds of bilateral meetings between
    Armenian and Belgian businessmen held over the last 2 months serve
    as basis for optimism.

    To note, Belgium is still represented by Walloon, but business
    circles of Flanders receiving the information about active interest
    of their compatriots, also expressed wish to organize a business
    forum immediately.

    At the beginning of 2008 Yerevan is to receive heads of Flanders'
    enterprises.
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