RA PRIME MINISTER TIGRAN SARGSYAN RECEIVED CO-CHAIR OF THE ARMENIA-UKRAINE INTERGOVERNMENTAL COMMISSION ON TRADE AND ECONOMIC COOPERATION, UKRAINIAN MINISTER OF INDUSTRIAL POLICY VLADIMIR NOVICKI

Frid ay, 16 October 2009

In greeting the guest, the head of government indicated that there
is a good outlook for bilateral trade considering that much of the
existing potential remains unused.

The Prime Minister stressed that the intergovernmental commission
needs extra momentum which in turn can boost bilateral ties. Mindful
of developing direct linkages between individual regions, Tigran
Sargsyan highlighted Kharkiv governor’s recent visit to Armenia.

Notwithstanding the global crisis-caused downturn in bilateral
trade turnover as recorded in the first semester of 2009, commodity
circulation was said to be short of the actual economic potential
of our two countries. It was stressed that intergovernmental
commission-backed efforts should be taken to expand them in future.

Mechanical engineering, aviation, agriculture, transport, information
technologies, science and education, culture and health care were
cited on either side as priority areas of improved cooperation.

The head of the Armenian government expressed hope that by stepping up
its efforts, the intergovernmental commission may help boost economic
interaction to the mutual benefit of the two nations.