ARMENIA, GEORGIA TO DISCUSS IN BATUMI HOW TO ATTRACT INVESTMENT, DEVELOP TOURISM
The next meeting of the Intergovernmental Commission on Economic
Cooperation between Armenia and Georgia will take place in Batumi
from No. 18~V19. During the meeting, officials will focus on the
development of trade between the two states, ways to attract investment
and tourism, as well as matters that were discussed during Georgian
Minister of Economy and Sustainable Development Vera Kobalia~Rs recent
visit to Armenia, reports Novosti Gruzya (Georgia).
Georgia~Rs economic ministry noted that Armenia is one of Georgia~Rs
main trade partners. Georgia has a trade surplus with Armenia as
exports exceed imports and this trend is growing every year. Last
year, exports to Armenia increased by 80%. Investments from Armenia,
however, are far behind this positive indicator: between 2003~V2011,
only $2.4 million USD was invested.
According to Georgia~Rs National Statistical Service, the trade
turnover between Georgia and Armenia in 2010 amounted to $205 million
926.4 thousand USD. Of these, $159 million 709.1 thousand were exports
and $46 million 217.4 thousand were imports.
From: A. Papazian