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July 8, 2024

Armenia official to Russia industry and trade minister at INNOPROM 2024

Armenia's Economy Minister, Gevorg Papoyan, met with Russia's Industry and Trade Minister, Anton Alikhanov, during his working visit to Russia within the framework of the INNOPROM International Industrial Exhibition, the Ministry of Economy of Armenia.

"Russia is one of the main trading partners of Armenia, providing a considerable part of the import and export of goods. We see that digitization, innovative technology, and sustainable production are becoming the basis of future industrial development. We must encourage investments in science and technology, create a favorable environment for the development of start-ups and small businesses to ensure the sustainable growth of our economies," Papoyan said.

At the meeting, the parties discussed the possibility of finding new ways of exports and imports, trade, joint implementation of industrial projects, and the pharmaceutical sector.

Also, Gevorg Papoyan presented the Crossroads of Peace initiative of the Armenian government, which will promote political stability and economic development in the region.

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