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Trade Turnover Between Armenia And Ukraine To Reach $200 Million In

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  • Trade Turnover Between Armenia And Ukraine To Reach $200 Million In

    TRADE TURNOVER BETWEEN ARMENIA AND UKRAINE TO REACH $200 MILLION IN 2007

    ARKA News Agency, Armenia
    10/09/2007 15:31

    YEREVAN, September 10. /ARKA/. Trade turnover between Armenia and
    Ukraine is expected to reach $200 million in 2007.

    Ukrainian Ambassador Alexander Bozhko told ARKA News Agency that he
    viewed this figure very impressive.

    "This is a great figure showing a high pace of trade relations
    development. We want to retain these relations. Important is that
    the trade is carried out with taking into consideration both parties'
    interests", he said.

    The ambassador said that trade turnover between the two countries grows
    30 to 40% every year. The last year's turnover grew 43% to $170mln.

    "Ukraine is an important partner to Armenia", Bozhko said.

    He said that Ukraine sells 300 000 liters of Armenian brandy every
    year and stressed that this sale is greater than in Armenia.

    At the same time, Bozhko pointed out transportation as painful problem
    remaining unsolved.

    He told ARKA News Agency that he had recently attended a meeting of
    all Ukrainian diplomats carrying out missions in foreign countries. It
    was said at the meeting that a new ferry way - Kerch-Poti - will be
    launched in October. It means prices for cargo carriage will reduce
    a great deal.

    The ambassador also stressed the importance of joint companies.

    "The number of such companies is not so great so far, but our economies
    should integrate, especially in those areas already having ground
    for that", he said.

    Bozhko spoke about the recent meeting with representatives of Armenian
    business in Ukraine. He said interesting ideas of establishing joint
    companies were proposed at the meeting.

    Trade turnover between Armenia and Ukraine grew 44.9% in Jan-July
    2007 to $149.3mln. Armenian exports to Ukraine reached $21mln after
    growing 2.1 times, compared with the same period a year earlier.

    Ukrainian imports to Armenia grew 37.7% to $128.3mln.

    Total volume of commodities imported in Armenia from Ukraine amounted
    to $88.8 million after growing 43.3%.
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