Existing Armenian-Indian trade and economic potential not used fully: ambassador

YEREVAN, April 9. /ARKA/. Armenia’s ambassador to India, Ara Hakobian,
told Indian minister of trade and industry Anand Sharma March 5 in New
Delhi that Armenia and India do not use fully the existing potential
to boost their trade and economic relations.

Armenian foreign ministry said the two men looked into a set of issues
related to liberalization of bilateral trade regime that would allow
both sides to increase their trade and economic contacts. In this
context they emphasized mutual visits by business people, creation of
joint ventures and stimulation of investments.

The Armenian ambassador noted the high-level political dialogue
between India and Armenia, the presence of commonalities uniting both
peoples and special warmth of bilateral relations.

According to official figures, Armenian-Indian trade in 2009
contracted by 10.2% to $46.3 million. Armenian exports to India grew
by 16.6% from 2008 to $2.9 million, while the volume of imports from
India fell by 11.5% to $43.4 million. -0-