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Putin notes stable growth of trade with Armenia

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  • Putin notes stable growth of trade with Armenia

    ITAR-TASS, Russia
    May 8, 2014 Thursday 11:03 PM GMT+4


    Putin notes stable growth of trade with Armenia

    MOSCOW May 8

    - Trade turnover between Russia and Armenia is growing steadily,
    President Vladimir Putin said at a meeting with Armenian President
    Serzh Sargsyan on Thursday, May 8.

    "Last year, trade turnover increased by 10.6 percent from the previous
    year and keeps growing this year too. And Russia remains the leading
    investor in Armenia," he said.

    Putin recalled that during his latest visit to Armenia important
    agreements had been reached and invited Sargsyan to "synchronise
    watches" and see "what else needs to be done and where we should speed
    up our work".

    Sargsyan said Russian-Armenian relations were developing dynamically
    and assured Putin that Yerevan would seek to intensify them.

    "We are ready for active work. This is consistent with the historical
    tradition of friendship between our nations," he said.

    Russian-Armenian relations are regulated by more than 160 treaties and
    agreements, including on friendship, cooperation and mutual
    assistance, as well as on allied relations.

    In 2012, trade turnover between the two countries exceeded 1.2 billion
    U.S. dollars. In the first eight months of 2013 it increased by 10.3
    percent year on year.

    Before leaving his post in April 2014, Armenian Prime Minister Tigran
    Sargsyan said Russia and Armenia cooperated most actively in all areas
    of interstate relations without exception. Over the past years,
    Russian-Armenian cooperation has developed into a rather complex and
    multifaceted structure.

    He stressed that Russia plays a key role in ensuring Armenia's
    security and has a leading position in its economy.

    "Today Russia plays a key role in Armenia's security system and it
    occupies a leading position in our economy," he said. "Russia is the
    main investor in the Armenian economy, one of its main creditors and
    one of the major foreign trade partners."

    "We are interested to improve these relations further, which is fully
    consistent with our national interests," the prime minister said.

    "Over the past 20-odd years we have not only preserved the
    centuries-old friendship between our peoples but we have also enriched
    it with new content and raised it to a qualitatively new level,"
    Sargsyan said, adding, "Strategic partnership between Armenia and
    Russia has crowned this friendship."

    "We give priority among others to diversification of economic
    cooperation between our countries. We are convinced that intensive
    interaction in sectors that build up innovation potential will give a
    boost to our economic cooperation. This will also allow us to fill our
    strategic partnership and allied relations between Russia and Armenia
    with new substance," he said.

    The two countries have good prospects in many sectors of the economy,
    primarily in the energy sector, the power industry, atomic energy, and
    many other serious projects.

    There is also a big potential in joint development of the
    agro-industrial sector in Armenia.

    Putin stressed earlier that Russian-Armenian relations had deep
    historical roots, had grown into allied partnership and continued to
    develop further.

    He also expressed confidence that together Russia and Armenia would be
    able to further strengthen their relations and expand cooperation in
    various multilateral formats, including in the context of Armenia's
    accession to the Customs Union.

    Russia promised active support to Armenia's efforts to join the Customs Union.

    The Customs Union between Belarus, Kazakhstan and Russia came into
    existence on January 1, 2010. Belarus, Kazakhstan and Russia are to go
    on with economic integration and vowed to remove all customs borders
    between their countries after July 2011.




    From: A. Papazian
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