Agreement On Cooperation Between Armenia And Rostov Region To BeSign

AGREEMENT ON COOPERATION BETWEEN ARMENIA AND ROSTOV REGION TO BE SIGNED IN AUTUMN

Noyan Tapan
Apr 18 2006

ROSTOV-ON-DON, APRIL 18, NOYAN TAPAN. The current state and prospects
of development of the Armenian-Russian inter-regional cooperation
were discussed during a meeting of the RA Minister of Territorial
Administration Hovik Abrahamian and the Governor of Rostov region
(Russia) Vladimir Chub on April 17. The sides pointed out the necessity
to use the existing potential for inter-regional cooperation to
the full. H. Abrahamian attached importance to further extension
of direct cooperation with Rostov region, underlining that Rostov
region is a highly attractive partner for Armenia in terms of its
geographical location, production and scientific potential. Noting
that commodity turnover between Armenia and Rostov region made 6 mln
dollars in 2005 and is continuing to grow each year, V. Chub stressed
the need for further increase in the bilateral trade turnover. Issues
of mutual interrest such as the necessity to attract more investments
of the Russian business circles in Armenia’s economy, to set up joint
ventures and establish economically efficient transport communication
between the two countries, etc. were discussed at the meeting. The
sides reached an agreement, in accordance with which the governor of
Rostov region will visit Armenia this autumn with the aim of signing
an agreement on trade, economic, scientific, technical and cultural
cooperation between Armenia and Rostov region. According to the RA
MFA Press and Information Department, the Armenian delegation headed
by H. Abrahamian is in Rostov region in order to participate in Days
of Armenia held on April 16-19.