Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Yerevan, Aug. 26 (Xinhua) — An agreement to deepen bilateral relations was reached at the fourth meeting of the intergovernmental commission on economic cooperation between Armenia and Iraq held in Yerevan on Tuesday, the press service of the Armenian Ministry of Economy reported.
The head of the above-mentioned department, Gevorg Papoyan, and the Minister of Agriculture of Iraq, Abbas Al-Maliki, who are co-chairs of this commission, noted the great untapped potential of economic cooperation between the two countries.
The prospects for the development of bilateral trade and economic relations were discussed, in particular, in the areas of trade, industry, agriculture, energy, high technology, digitalization, cybersecurity, healthcare, infrastructure and interregional cooperation.
G. Papoyan noted that statistical data clearly demonstrates the stable dynamics of cooperation between the two countries. He pointed to the fact that in the first half of this year, trade turnover between Armenia and Iraq exceeded 171 million US dollars, almost doubling compared to the same period last year. At the same time, according to the Armenian minister, there is real potential for increasing the volume of bilateral trade, which must be realized.
He noted that Armenia attaches great importance to organizing business forums and mutual visits of business delegations, and the country's government is ready to support the activities of the private sector, encouraging the creation of joint ventures, opening of representative offices and branches.
Following the meeting, a number of documents were signed: the protocol of the fourth meeting of the intergovernmental commission on economic cooperation between Armenia and Iraq, a memorandum of understanding between the chambers of commerce and industry of the two countries, a memorandum of understanding between the Union of Industrialists and Entrepreneurs of Armenia and the Chamber of Commerce of Iraq, a memorandum of understanding between the Armenian Association of Builders and the Federation of Contractors of Iraq.
The meeting also included an Armenian-Iraqi business forum with the participation of more than 60 entrepreneurs. –0–
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