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Armenia, Argentina to develop economic cooperation

Armenia, Argentina to develop economic cooperation

PanARMENIAN.Net - On April 12, Armenian government approved a cooperation agreement with the government of Argentina in the field of economy.

According to Armenian Minister of Economy Tigran Davtyan, the agreement valid since 1994 has already expired. He further noted that the new document will allow Armenia to cooperate with Argentina both in the fields of trade and investment.

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“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
The funding will go to a subsidiary of ContourGlobal, an international power-generation company that acquired the Vorotan Cascade in 2015.
"We are yet unable to disclose the names of companies we are conducting negotiations with," Satenik Hovhannisyan said.
1,259,657 tourists have arrived in Armenia in January-December 2016, the National Statistical Service said, up by 5,7% on the year before.
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