ARMENIA ONE OF FEW CIS COUNTRIES HAVING LARGE FOREIGN TRADE TURNOVER WITH EU
Arka News Agency, Armenia
Dec 19 2006
YEREVAN, December 19. /ARKA/. Armenia is one of the few CIS countries
having large foreign trade turnover with EU, Tigran Jrbashyan,
Director of the Armenian office, Armenian-European Policy and Legal
Advice Center (AEPLAC), told reporters.
According to him, EU has been Armenia’s number one partner in trade and
economic relations over the last five years. After the oil exporter
countries, Armenia plays one of the leading roles in CIS in respect
of trade and economic relations with EU, Jrbashyan said.
He pointed out that Armenia imported mainly food and light industry
items from EU before, whereas now equipment and machinery prevails
in the country’s imports. It means that Armenian businessmen started
re-equipping their production facilities in line with the European
advanced technologies, Jrbashyan said.
Armenia’s foreign trade turnover with EU-member countries totaled
$877.3mln in Jan-Oct 2006 – a 34.6% increase compared with the same
period of 2005. A 58.1% increase was recorded in Armenia’s foreign
trade turnover with EU member countries in 2005 against the previous
year.