TRADE TURNOVER BETWEEN ARMENIA AND INDIA GROWS BY 6 TIMES SINCE 2002

YEREVAN, May 30. /ARKA/. Trade turnover between Armenia and India
has grow by 6 times since 2002, stated Dipak Vohra, Extraordinary and
Plenipotentiary of India to Armenia. According to him, the expected
trade turnover in 2005 will make $12 mln. “The increase of bilateral
economic cooperation was greatly promoted by Industry and Commerce
Chambers of Armenia and India”, he said. The Ambassador also hopes
for further strengthening of cooperation between the businessmen of
the two countries.

According to the RA National Statistical Service, the volume of
external trade turnover of Armenia and India in 2004 made $8674
thou, having grown by 44,7% compared to 2003. At that, the export of
Armenian products to India made $289,5 thou, against $43,4 thou in
2003, import amounted to $8384,5 thou against $5951,8 thou in 2003.

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