Epress.am News from Armenia
The next meeting of the Intergovernmental Commission on Economic Cooperation between Armenia and Georgia will take place in Batumi from No. 18–19. 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’s recent visit to Armenia, reports Novosti Gruzya (Georgia).
Georgia’s economic ministry noted that Armenia is one of Georgia’s 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 2003–2011, only $2.4 million USD was invested.
According to Georgia’s 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.