Armenia Poland Discuss Business Development

YEREVAN (Noyan Tapan)–"The economic policy of Armenia has over the last few years been oriented to the development of free market relations in the country and integration of Armenia’s economy into the world economy." So stated–Minister of Coordination of Production Infrastructure Activities David Zadoyan said at an Armenian-Polish business forum held in Yerevan–Thursday. Zadoyan also stressed that the development of trade and economic relations with Poland is of high importance for Armenia. According to Zadoyan–the agreement on holding a business forum was reached last year as part of the Armenian president’s visit to Poland.

Greeting the forum participants–Minister of Economy of Poland Janush Steinhoff pointed out that the two countries can cooperate in agriculture–chemical–machine-building and light industries. Expressing regret over the reduction in the trade turnover between the two countries in 1999 ($8.3 million in 1997–$2.4 million in 1999)–Steinhoff pointed out that the Armenian-Polish business cooperation will allow the increase in the trade turnover between the two countries up to $20 million to $30 million.

The delegation–consisting of 30 Polish businessmen–arrived in Yerevan Wednesday on a three-day official visit and was met by productive substructures minister David Zadoyan and other officials.

Agreemen’s on the establishment of a stone-milling plant in Armenia and on the implementation of a number of industrial programs have been reached at the Armenian-Polish business forum–Thursday. Zadoyan stated that in a few months–after the agreemen’s are discussed–contracts may be signed.

During the Armenian prime minister’s meeting with the Polish delegation the sides discussed the possibility of the Polish side’s participation in the TRACECA and INOGATE projects as well as the development of bilateral economic relations

Minister of Industry and Trade Karen Chshmaritian also stated that the trade turnover between Armenia and Poland does not meet the economic interests of both countries and–if the bilateral cooperation were more effective–it would be larger. He considers pharmaceutics–steel–molybdenum and oil processing to be the most promising spheres of the bilateral economic cooperation. The possibility of cooperation in the production of building materials and jewelry is not ruled out.

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