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Armenia-EU Trade On Steady Rise

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  • Armenia-EU Trade On Steady Rise

    ARMENIA-EU TRADE ON STEADY RISE

    Armenpress
    Sept 24 2007

    YEREVAN, SEPTEMBER 24, ARMENPRESS: Armenia's trade with EU member
    nations in the first six months of this year accelerated to almost
    $667 million, making 35.2 percent of Armenia's aggregate foreign trade,
    up from 25.8 percent from a year before.

    Armenian exports in the reported time rose 11.4 percent year-on-year
    to $252.3 million, while exports grew 36.6 percent to $414.3 million.

    Announcing these numbers, Armenian trade and economic development
    minister Nerses Yeritsian said to a recurrent meeting of Armenia-EU
    Cooperation Committee in Yerevan, that exports and imports in both
    directions are on steady rise, although Armenian exports rise is not
    that tangible as EU imports to Armenia.

    The minister argued in favor of integrating tall hose systems, which
    will facilitate bilateral trade, such as standardization system,
    elimination of reciprocal quality obstacles, Armenia's joining various
    registry systems and so on.

    "We will make fresh efforts to advance structural reforms. We
    are working on an ambitious and bold program, which we call second
    generation reforms, designed to improve trade, investment environment
    and eliminate everything that impedes boosting ties between Armenia
    and EU," he said.
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