RA President: Armenia ready for negotiations,  creation of  joint ventures, and  exchange of experience and technologies

ArmInfo. The United Arab Emirates is a reliable partner for Armenia in promoting sustainable development and innovation. This was stated by RA President Vahagn Khachaturyan, while addressing the annual investment forum in Abu Dhabi.

In his speech, which was distributed by the press service of the RA President, Vahagn Khachaturyan noted that he shares the vision that investments play a vital role in addressing global pressing issues such as climate change, poverty and inequality. Ultimately, as the President noted, strengthening international cooperation is essential for promoting global financial stability and ensuring equal opportunities for all investors in the global market. "W can all agree that the current world order is changing at a rather dynamic pace, and we are living through a transformative, and, in some ways,  unpredictable phase of history. Every piece of information seems to carry a negative connotation, contributing to a sense of uncertainty. Armed conflicts, geopolitical tensions, crises, economic instability, climate threats, human rights violations, social unrest, poverty and inequality - all of these pose serious challenge to the foundations of global stability. We must not overlook  the role of rapidly growing artificial intelligence in our modern world. It is of vital importance for improving people's lives and building resilience in response to  emerging challenges. To address these challenges effectively, we need a collective commitment: dialogue, mutually beneficial solutions, and negotiations. I would like to quote the  late founding President of the UAE Sheikh Zayed bin Sultan Al Nahyan: " Unity is the path to strength, honor, and the common good," Vahagn Khachaturyan emphasized.

He added that in the context of geopolitical changes and the revision of  previous order, Armenia, as a country open to dialogue, adheres to a peaceful agenda, with a democratic and forward-looking technological vision. The country is building a modern, vibrant political system and competitive economy. .  He drew attention to the fact that deep and comprehensive reforms of the business environment carried out by the Armenian authorities create favorable conditions for attracting foreign investment.

"Armenia provides legal guarantees to foreign investors, including property protection, free movement of capital and a transparent tax system. In recent years, Armenia has achieved high ratings in international indices, such as democracy, human rights protection, the fight against corruption, economic freedom, liberal business and investment environment. Armenia has bilateral investment protection agreements with more than 40 countries, including the United Arab Emirates. Armenia offers several free economic zones that provide favorable conditions for foreign investors. These zones offer tax incentives, simplified customs procedures, and access to regional markets. My delegation is here with concrete investment projects, which my colleagues will present to you. We are ready for practical negotiations, the creation of joint ventures, the exchange of experience and technology. At the same time, I consider it important to take this opportunity to inform our partners about the existing challenges in  the South Caucasus region.  Normalization of relations with neighbors is one of the main priorities of the Republic of Armenia. Our country remains committed to the peace agenda, an essential component of which is the "Crossroads of Peace" project, initiated by the Armenian government as a tool for establishing peace in the region and promoting economic ties. This initiative provides a unique opportunity for regional stability," Vahagn Khachaturyan assured.