Georgian deputy economy minister Genadi Arveladze and Gi Wook Young, director general on free trade agreements of Korea’s ministry of trade, industry and energy, signed the declaration on the completion of the study earlier today in Seoul. Photo: ministry of economy A joint feasibility study on a free trade agreement between Georgia and South Korea … Read more
Azerbaijan’s Minister of Digital Development and Transport Rashad Nabiyev is on a working visit to Brussels, the capital of Belgium. As part of the visit, Rashad Nabiyev met with European Commissioner for Transport Adina Valean. During the meeting, they discussed cooperation between Azerbaijan and the European Union in the field of transport, especially aviation, as … Read more
Armenia’s economic activity index increased by 14.5% in January-October 2022 compared to January-October 2021, the Statistical Committee said. Industrial production volume increased by 9.9% in January-October 2022 compared to the same period of the previous year. Construction volume registered a 14.4% increase in the past 10 months. The increase in trade turnover comprised 15.5%. The … Read more
According to the Armenian service of RFE/RL, the finance ministers of Armenia and Iran expressed their hope to further increase of economic exchanges between their countries, taking into account a recent growth in bilateral trade, during their meeting in Tehran.
The meeting between Armenia’s Finance Minister Tigran Khachatrian and Iran’s Minister of Economic and Financial Affairs Ehsan Khandozi took place in Tehran.
The main subject of the visit of Khachatrian and his delegation to Iran that took place one week after Prime Minister Nikol Pashinian visited Tehran where he met with Iranian President Ebrahim Raisi, was mainly regional security, but they also discussed prospects of increasing bilateral trade between the two neighboring countries.
According to Khachatrian, the volume of economic exchanges between the two countries is expected to grow by over 40 percent in 2022.
Several economic priorities between the two countries were highlighted by the Armenian and Iranian ministers, particularly, raising annual bilateral trade to $3 billion, increasing the goods exchange volume to 5 million tones, as well as the facilitating and developing financial, banking, commercial and customs relations.
According to the Armenian minister, they held productive and constructive discussions during his first-ever visit to Iran. “Constantly developing and strengthening cooperation” between Iran and Armenia was also highlighted by him.
Khachatrian said that the history of economic and political relations between Iran and Armenia has been lasting for decades. These main foundations are testified by the goal of raising the level of commercial relations between Armenia and Iran to $3 billion a year. This longstanding cooperation between the two countries is the basis of all ongoing negotiations.
The Iranian minister replied that “the government of Iran is very closely following the economic policy run by neighbor countries, putting the focus on the Caucasus region.”
Khandozi expressed his hope for the fulfillment of the goal of carrying out 3 billion dollars’ worth of trade between the countries, discussed during the meeting of the Iranian president and the Armenian prime minister, under the leadership of this government.
A meeting between Khachatrian and members of his delegation, including his deputy Avag Avanesian, and Iranian Vice President Masoud Mir Kazemi took place during the visit to Iran, and the meeting with Iran’s Minister of Industry, Mines and Trade Reza Fatemi Amin was planned.
In the first 15 days of November, Ukraine exported 2.8 million tonnes of agricultural products, which is 800,000 tonnes below the level reported over the same period last month. That’s according to the Ministry of Agrarian Policy and Food of Ukraine, Ukrinform reports. “In particular, in the 2.5 months of autumn, 16.6 million tonnes of … Read more
Co-organized by the Chamber of Commerce and Industry of Serbia (CCIS) and the Azerbaijan Export and Investment Promotion Agency (AZPROMO), a Serbia-Azerbaijan business forum has been held in Belgrade, the capital of Serbia. The event brought together Azerbaijani and Serbian officials, as well as businessmen of both countries working in various sectors of economy. Addressing … Read more
Total trade of Kazakhstan for January -September 2022 reached USD 98.4 bln which is 35% more as compared to last September-January, the Kazakh National Economy Ministry’s press service reports. The nominal export turnover of Kazakhstan hit USD 63.8 bln which is 47.5% more against the 9 months of the previous year. According to the ERI, … Read more
The value of exports rose by 34 percent and equalled $4.54 billion in the reported period, while imports also grew by 33.2 percent, amounting to $10.68 billion. Türkiye ($2.29 billion), Russia ($1.94 billion) and China ($1.52 billion) were the top trading partners of Georgia in its total external trade turnover in January-October 2022, preliminary data … Read more
The volume of trade operations in Azerbaijan in October amounted to $6.484.8 billion. According to the State Customs Committee, import operations totaled $1.294.5 billion, while export transactions amounted to $3.895.6 billion. Link
723 passenger cars worth $12.7 million were exported from Armenia in the first half of 2022, Armenpress reports citing the State Revenue Committee. In the same period last year, 126 passenger cars worth $1.6 million were shipped abroad from the country. The automobile market in Armenia is booming, which is connected with the sanctions against … Read more