Armenia calls for increased trade and ag investment from UAE
The event organized by the Development Foundation of Armenia and the Abu Dhabi Trade Chamber, aims to boost the development of economic ties between Armenia and Arab countries, promote contacts between businessmen and to present Armenia’s investment environment, as well as mutually beneficial investment projects.
"Our government has created investment packages which I keep in the focus of my immediate attention. We shall welcome and support investors from the United Arab Emirates in various sectors of the Armenia economy," President Sargsyan’s said during his speech.
"There are great opportunities for cooperation in agriculture and food processing. Organic and greenhouse farming is growing in Armenia day by day, the produce of which, I believe, is in great demand in your country as well. Armenia has earned itself a reputaion in canning and drying fruits and vegetables. Producing juices, and drinking water from our springs has long been the country’s showpiece. One of the world’s tastiest fruits – the sun-drenched apricot - is indigenous to Armenia, in academic taxonomy it is called Prunus Armeniaca."
"Along with that, recent negotiations between Armenia and the EU on the Comprehensive and Enhanced Partnership have been completed. It creates a new level of our economic relations with the European Union, new opportunities for trade and investments. Armenia had already been benefitting from the GSP+ regime with the EU, which allows us to export to Europe more than 6,400 products made in Armenia on preferential terms."
"I am certain that working together we will register substanial accomplishments. This is best, witnessed by the unprecedented growth of trade turnover between our countries: almost 2.5 times, as of the end of last year. Whereas this year there has been an exponential increase of more than 8 times, and we intend to keep up the pace."
source: armradio.am
