Armenia, Ukraine discuss possibilities of expanding trade and  economic cooperation

ArmInfo. Armenia and Ukraine discussed the possibilities of expanding trade and economic  cooperation. This was reported by the press service of the Ministry of Economy, citing the results of the meeting of Minister of Economy of Armenia Gevorg Papoyan with Charge d'Affaires of Ukraine in  Armenia Valerii Lobach. 

The parties discussed issues of mutual interest, including those  related to the development of trade and economic relations and  increasing the volume of mutual trade. The interlocutors noted  industry, agriculture, trade, pharmaceuticals, metallurgy,  healthcare, energy, etc. as promising areas of cooperation.  "We are  following the path of economic diversification, developing relations  with various countries, and, of course, maintaining relations with  traditional partners,"  Papoyan noted.

He presented the government's "Crossroads of Peace" project to the  guests, noting its importance in the context of establishing peace  and creating trade and economic opportunities for the countries of  the region.  According to the RA Statistical Committee, foreign trade  turnover between Armenia and Ukraine totaled $31.7 million in  January-April 2024, which exceeded the figure of the previous year by  6.1%. At the same time, exports decreased by 12% to $3.1 million,  against the background of import growth by 8.6% to $28.6 million.