Armenian Belgian Business Forum to Be Held in Yerevan

YEREVAN (Noyan Tapan)–An Armenian-Belgian business forum will be held in Yerevan June 28-30. The delegation of Belgian businessmen will include representatives of the economic spheres that are of highest importance to Armenia: energy–production of electric transformers–heavy engineering–trade in metal manufactures–trade in white sugar–banking sphere–information technology–and business consultations.

The visit of Belgian businessmen to Armenia is organized by the Armenian Embassy to Belgium and the Belgial Foreign Trade Agency (BFTA).

A delegation of Belgian diplomats were in Yerevan April 10-15 to make preparations for the forum. The delegation members studied Armenia’s macroeconomy–the state of individual industries–foreign trade regime–investment possibilities and programs.

The fact that the BFTA and DUCROIRE (Agency for Credit Insurance) regard Armenia as a safe country for short and average term investmen’s gives us hope that favorable conditions have now been created for the Armenian Belgian cooperation. The vigorous activities launched in Armenia by Belgian businessmen of Armenian descent may serve an example for that country’s business circles.

The trade turnover between Armenia and Belgium is the highest not only among the countries of the European Union–but also among other countries (about 36 percent)–as the matter concerns the trade in gems.

The BFTA and DUCROIRE are semi-governmental organizations under the authority of the Foreign Ministry and Ministry of Foreign Trade and Finance of Belgium respectively.

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