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TBILISI: Georgian And Armenian Presidents Speak At Economic Forum

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  • TBILISI: Georgian And Armenian Presidents Speak At Economic Forum

    GEORGIAN AND ARMENIAN PRESIDENTS SPEAK AT ECONOMIC FORUM
    By Salome Modebadze

    The Messenger
    Dec 1 2011
    Georgia

    Georgian President Mikheil Saakashvili and his Armenian counterpart
    Serzh Sargsyan opened a joint business forum at the Radisson Hotel
    on Wednesday. Sharing Georgia's macroeconomic indicators, President
    Saakashvili spoke of Georgia as one of the leading countries in
    terms of the ease of doing business in the world according to World
    Bank estimations. Recollecting how Georgia's damaged economy has
    been restored after the Rose Revolution, Saakashvili spoke of eight
    years of successful reforms in the country. Calling it "the number one
    reforming country" Saakashvili forecast significant economic increases
    in the country for next year "if the world economy does not collapse."

    Encouraging Caucasian states to unite, the Georgian president welcomed
    the long history of cooperation between Georgian and Armenian officials
    at various international forums, which, according to Saakashvili has
    "moved their economic integration to a higher level."

    The two neighboring countries' cooperation in easing customs duty
    procedures and an attempt to synthesize taxation systems should,
    according to Saakashvili, end with the integration of the entire
    Caucasian economy as "the only prospect for the region."

    Expressing his willingness to deepen economic cooperation with Georgia,
    Serzh Sargsyan encouraged Armenian businessmen to invest money in
    Georgia explaining that "money should be invested where it will bring
    most benefit." Sargsyan also welcomed Georgian investment in Armenia
    thus tightening cooperation between the two countries.

    "Georgia creates an example from which we are learning now," the
    Armenian president stated.

    The business forum offered a wonderful opportunity to Georgian
    companies and the Armenian business sector to discuss various issues
    from almost every field. According to the Minister of Regional
    Development and Infrastructure Ramaz Nikolaishvili Georgian companies
    would be able to participate in tenders in Armenia from the next
    year onwards. "We have also familiarized Armenian companies with
    the procedures necessary for participating in Georgian tenders,"
    the minister added.

    "The participation of the presidents in the economic forum emphasized
    the strong political and economic relations between the two countries,"
    Vera Kobalia, Minister of Economy and Sustainable Development,
    stated. Stressing how the annual trade turnout had increased over
    the past ten months, Kobalia reported that exports had reached USD
    185 million this year. Expressing interest in the Georgian economy,
    the Armenian guests also welcomed the country's rapid success in the
    last several years and hoped that by entering each other's markets
    the countries would even further improve their economies.

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