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20% Growth Recorded In Armenia-Georgia Trade Turnover In 2007

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  • 20% Growth Recorded In Armenia-Georgia Trade Turnover In 2007

    20% growth recorded in Armenia-Georgia trade turnover in 2007

    ARKA News Agency
    Jan 9 2008
    Armenia

    YEREVAN, January 9. /ARKA/. Considerable growth of trade turnover
    between Armenia and Georgia was recorded in 2007. According to the
    preliminary information, the growth reaches at least 20%, says the
    2007 annual report of Armenia's Foreign Ministry.

    Among the prominent projects is the construction of a new, third
    high-voltage electric main that will enable simultaneous operation
    of the countries' energy systems, the report says.

    In 2007 Armenia continued close political cooperation and high-level
    dialogue with Georgia. The countries' presidents Robert Kocharian and
    Mikhail Sahakashvili had their first meeting in March in Armenian
    Tsakhkadzor resort town. In September Kocharian was on a visit in
    Georgia. Georgia's Prime-Minister Zurab Nogaideli visited Armenia
    in October.

    The mutual contacts aimed at developing the friendly relations
    and economic cooperation, ensuring safety of Armenian citizens in
    transiting the Georgian territory, as well as enabling low-tariff
    transit transportation and uninterrupted gas transit to Armenia and
    improving the condition of the Armenian community in Georgia.

    During the year the sides continued works on delimitation and
    demarcation of the frontier and agreed on 150-kilometer section of
    Armenia-Georgia border. These works are ongoing.

    Among issues discussed in the bilateral meetings during the visit of
    Armenia's FM to Georgia in July 2007 were bilateral agenda issues,
    regional developments, possibilities of regional conflict settlement
    and Armenia-Georgia cooperation in European integration.

    Oskanian has also visited Batumi, the capital of the autonomous
    Ajaria Republic within Georgia, where he had meetings and discussed
    development of trade and economic cooperation and construction of
    General Consulate of Armenia in Batumi.

    According to Armenia's National Statistical Service, Armenia's
    foreign trade turnover with Georgia grew by 48.2% in January-November
    2007 and totaled $118.8mln. Exports from Armenia to Georgia totaled
    $79.8mln - a 63.2% increase against January-November 2006. Imports of
    Georgian-make goods to Armenia totaled $39mln in the period - a 24.7%
    increase. In total imports from the territory of Georgia were $116.4mln
    (a 1.76-time increase).
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