ARMENIAN-SPANISH BUSINESS FORUM UNDER WAY IN YEREVAN

ARKA
September 9, 2009
YEREVAN

YEREVAN, September 9. /ARKA/. An Armenian-Spanish business forum was
launched in Yerevan on Wednesday.

Armenian Economy Minister Nerses Yeritsyan told journalists that the
country’s trade turnover with Spain amounted to $8 million this year,
quite low result, compared with Armenia’s trade turnover with other
EU countries.

"But there is room for developing economic cooperation", he said.

In his words, Spain is rapidly developing now and searching for new
outlets for Spanish goods, and Spanish businessmen find Armenian
market attractive.

"Sluggish trade between the two countries is a temporary phenomenon.

Such business forums can spur it."

Yeritsyan said that Armenia imports mainly ceramics and sea products
from Spain and exports raw materials there.

The minister didn’t rule out that meetings between Armenian and
Spanish businessmen could result in some agreements.

Representatives of industry, telecommunication, information
technologies, tourism, construction, industrial waste recycling and
renewable energy sectors of the two countries are present at the forum.

Spanish entrepreneurs met with Armenian Economy Minister Nerses
Yeritsyan, Transport and Communication Minister Gurgen Sargsyan and
Urban Planning Minister Vardan Vardanyan and discussed some programs
with them.