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 Monday, March 1 2021 18:37
Marianna Mkrtchyan

Armenian Minister of Economy and French Ambassador discussed economic  cooperation development issues 

Armenian Minister of Economy and French Ambassador discussed economic  cooperation development issues 

ArmInfo.  RA Minister of Economy  Vahan Kerobyan and French Ambassador to Armenia Jonathan Lacote  discussed at the March 1 meeting issues related to the development of  the Armenian-French economic cooperation, including in terms of  attracting investments and possible financial support 

According to the press service of the Ministry of Economy, Kerobyan  expressed gratitude to the French side for the humanitarian support  provided to Armenia in these difficult times.  The importance of  implementing joint programs in the economic field was mutually  indicated. It was noted that there is a great potential for economic  cooperation, and for its implementation, the importance of expanding  the involvement of French business in Armenia, as well as ensuring  the continuation of the activities of the French Development Agency  in Armenia and the programs it implements was emphasized.

The interlocutors called promising cooperation in various sectors of  the economy, including such areas as transport, construction of  reservoirs, agriculture, industry, tourism, digitalization of the  public sector, venture funds, digital innovations, as well as  regional communications.

Lacote announced his readiness to closely cooperate with the Armenian  government in the implementation of bilateral programs, further  development of the Armenian-French relations, expansion of economic  ties between the two countries.  An agreement was reached to continue  intensive work on projects of mutual interest.

According to the RA Statistical Committee, the foreign trade turnover  between Armenia and France in 2020 decreased by 5.7% (against a 21.8%  decline in 2019), amounting to $ 87.7 million. In particular, the  export of Armenian goods to France dropped by 33.4% - to $ 5.8  million, with a modest 2.8% decline in imports of goods from France  to Armenia - to $ 81.9 million. To note for comparison that in 2019  the volume of imports from France was in a more significant decline -  by 23, 6%, and the export of Armenian goods to France remained  growing - by 1.6%.


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