Canada Armenia Sign Trade Cooperation Accords

YEREVAN (Noyan Tapan)–Garnik Nanagulian–Armenia’s Minister of Trade–Services and Tourism–signed the first two bilateral agreemen’s between Armenia and Canada Wednesday while on an official visit to the country.

The agreemen’s hinge primarily on the protection and promotion of investment in both countries–and on trade and commercial activities between the two.

The two agreemen’s were signed by Canadian Deputy Foreign and International Trade Minister Robert Bite–and by the Director-General of the same Ministry’s Department for Central–Eastern and Southern Europe–James Bate.

Referring to the importance of the signed agreemen’s for leading Canadian companies in the field of high technologies and mining–Nanagulian stressed that these sectors were of great significance to Armenia.

A statement released by Armenia’s Foreign Ministry said the agreemen’s were drawn up in accordance with both countries’ liberal legislations currently in force–and meet the requiremen’s of the World Trade Organization.

Armenia is going to become a member of the WTO in the near future.

Today–there are some twenty Canadian firms conducting business in Armenia–all involved in the sectors of pharmaceutics–mining–communications–agriculture and jeweler’s art.

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