ARMENIA AND POLAND SIGN ECONOMIC COOPERATION AGREEMENT

ARKA
March 12, 2010

YEREVAN, March 12, /ARKA/. Speaking to reporters after talks
with visiting prime minister of Poland, Donald Tusk, Armenian
prime minister Tigran Sarkisian said both countries have signed
an agreement on economic cooperation, which he said, will create
a favorable atmosphere for both to step up their cooperation and
make reciprocal investments. He said the agreement provides also for
protection of reciprocal investments and support for private sector
by both governments.

Donald Tusk said the agreement marks the beginning of a closer
cooperation between the two countries. He has arrived in Yerevan
today morning on a one-day working visit and was scheduled to meet
also with president Serzh Sargsyan, parliament speaker and head of
the Armenian Church.

According to the Armenian National Statistical Service, Armenia’s
trade with Poland dropped last year by 6.3% from 2008 to $34.6
million. Armenian exports to Poland totaled $656,800 ( (0.1% of all
exports). But import of Polish goods grew by 8.3% to $34 million.

Armenia sells to Poland synthetic rubber, iron and molybdenum and
imports foodstuff, beverages, tobacco goods, furniture, chemical
goods and equipment.