YEREVAN, OCTOBER 5, NOYAN TAPAN. Co-Chairmen of the intergovernmental commission on Armenian-Romanian commercial-economic and scientific-technical cooperation, RA Minister of Transport and Communication Andranik Manukian and Minister Delegate for Trade Iuliu Winkler singed a protocol on development of mutual economic cooperation between Armenia and Romania. In A.Manukian's words, main directions of development of the Armenian-Romanian economic mutual cooperation are fixed in that document. In the Minister's words, though the economic cooperation between the two countries considerably grew during the last years, however it does not reflect the existing possibilities to suficient extent. Presenting sizes of commodity circulation between the two countries, A.Manukian stated that it made more than 75.2 mln U.S. dollars in 2005, and export from Romania to Armenia already made 37.6 mln dollars during the first months of 2006. At the same time the Minister mentioned that Armenia is considerably inferior to Romania with volumes of export. Besides, no Romanian enterprise functions in Armenia, when 37 Armenian-Romanian joint ventures are registered in Romania at present, with more than 3.5 mln dollars investment of the Armenian side. I.Winkler mentioned in his turn, that Romania is interested especially in spheres of agriculture, small and medium-sized entrepreneurial activity, tourism, goods transportation and energetics of Armenia. "As my country will become a full member of the European Union from January, 2007, it must foster the economic policy of the European union. Hence, the Armenian-Romanian economic cooperation will give possibility to Armenia to penetrate into the European market," the Minister mentioned. To recap, the next sitting of the intergovernmental commission on Armenian-Romanian commercial-economic and scientific-technical cooperation will take place in Bucharest.

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