President Sargsyan: Armenia to promote UAE investments in various sectors
22.03.2017,
15:24
Addressing the Armenia - United Arab Emirates investment forum held today in the United Arab Emirates Armenia's president Serzh Sargsyan said Armenia’s free economic zones may serve as an effective platform for cooperation in many sectors.
YEREVAN, March 22, /ARKA/. Addressing the Armenia - United Arab Emirates investment forum held today in the United Arab Emirates Armenia's president Serzh Sargsyan said Armenia’s free economic zones may serve as an effective platform for cooperation in many sectors.
He also said that the agreement between Armenia and the EU on the Comprehensive and Enhanced Partnership creates a new level of economic relations with the European Union, new opportunities for trade and investments.
'Armenia had already been benefiting from the GSP+ regime with the EU, which allows exporting to Europe more than 6,400 products made in Armenia on preferential terms,' the president was quoted as saying by his press office.
'I am certain that working together we will register substantial accomplishments. This is best witnessed by the unprecedented growth of trade turnover between our countries: almost 2.5 times, as of the end of last year. Whereas this year there has been an exponential increase of more than 8 times, and we intent to keep up the pace,' the president said.
'I have to mention tourism here - the best medium for friendship and people to people contacts, intercultural dialogue and getting acquainted with each other. I acknowledge with pleasure that the number of tourists visiting Armenia from the United Arab Emirates is growing progressively: it increased by 44% just in 2016. I am certain that this is far from being the limit, especially considering that today, as we speak; a visa free entry regime to Armenia takes effect for the UAE citizens. Services available for tourists improve in Armenia consistently. The service sector in Armenia is the fastest growing sector in general, and our country stands out advantageously in the region in this respect.
Incidentally, I would like to reflect on one more circumstance: within recent years Armenia has received 20,000 people of the Armenian descent, who are equally bearers of the Armenian as well as Arab identity and culture. The presence in Armenia of such a solid cohort of bilingual individuals with remarkable entrepreneurial traditions may directly and significantly facilitate the activities of the UAE investors in our country,' the president said.
The forum organized by Armenia’s Development Fund and Chamber of Commerce of Abu Dhabi is called to boost economic relations between Armenia and Arab states, encourage contacts between the entrepreneurs, present the investment climate in Armenia and mutually beneficial investments projects in different areas. Among over 300 participants of the forum were state officials, heads of funds, pan-national companies, international organizations, representatives of the companies which have successful experience of making investments in Armenia. -0-
He also said that the agreement between Armenia and the EU on the Comprehensive and Enhanced Partnership creates a new level of economic relations with the European Union, new opportunities for trade and investments.
'Armenia had already been benefiting from the GSP+ regime with the EU, which allows exporting to Europe more than 6,400 products made in Armenia on preferential terms,' the president was quoted as saying by his press office.
'I am certain that working together we will register substantial accomplishments. This is best witnessed by the unprecedented growth of trade turnover between our countries: almost 2.5 times, as of the end of last year. Whereas this year there has been an exponential increase of more than 8 times, and we intent to keep up the pace,' the president said.
'I have to mention tourism here - the best medium for friendship and people to people contacts, intercultural dialogue and getting acquainted with each other. I acknowledge with pleasure that the number of tourists visiting Armenia from the United Arab Emirates is growing progressively: it increased by 44% just in 2016. I am certain that this is far from being the limit, especially considering that today, as we speak; a visa free entry regime to Armenia takes effect for the UAE citizens. Services available for tourists improve in Armenia consistently. The service sector in Armenia is the fastest growing sector in general, and our country stands out advantageously in the region in this respect.
Incidentally, I would like to reflect on one more circumstance: within recent years Armenia has received 20,000 people of the Armenian descent, who are equally bearers of the Armenian as well as Arab identity and culture. The presence in Armenia of such a solid cohort of bilingual individuals with remarkable entrepreneurial traditions may directly and significantly facilitate the activities of the UAE investors in our country,' the president said.
The forum organized by Armenia’s Development Fund and Chamber of Commerce of Abu Dhabi is called to boost economic relations between Armenia and Arab states, encourage contacts between the entrepreneurs, present the investment climate in Armenia and mutually beneficial investments projects in different areas. Among over 300 participants of the forum were state officials, heads of funds, pan-national companies, international organizations, representatives of the companies which have successful experience of making investments in Armenia. -0-
