Armenia’s Exports To India Amounted To 300,000 USD In 2004

ARMENIA’S EXPORTS TO INDIA AMOUNTED TO 300,000 USD IN 2004

YEREVAN, May 30. /ARKA/. In 2004, Armenia’s exports to India amounted
to 300,000 USD, Chairman of the RA Chamber of Commerce and Industry
Martin Sargsyan told reporters. According to him, closer cooperation
between the two countries’ businessmen creates opportunities for
increasing exports. “We hope that our businessmen will be able to
take part in an international exhibition in India in November 2005,”
he said.

In his turn, Indian Ambassador to Armenia Dipak Vohra stated that
over the past few years Armenia has started exporting not only metals,
but also electronic equipment and technologies to India. Armenia has
a great information technologies potential, he said. The Ambassador
also pointed out that he see great potential in the export of Armenian
wines and fruit, first of all apricots, to India.

According to the RA National Statistical Service, in 2004 Armenia’s
foreign trade with India amounted to 8.674mln USD, increasing by
44.7% as against 2003. Armenia’s exports to India totaled 289,500 USD
against 43,400 USD in 2003, and Armenia’s imports from that country
8,384.5 thousand USD against 5,951.8 thousand USD in 2003. P.T. -0–

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