Armenia-Iraq trade turnover grows by 30% each year: official

Armenia-Iraq trade turnover grows by 30% each year: official

PanARMENIAN.Net - Trade turnover between Armenia and Iraq grows by 30% annually, Deputy Economy Minister Garegin Melkonyan said Friday, June 17.

“In 2015, trade turnover between the two countries amounted to $132 million, up from just $49 million in 2012,” Melkonyan said.

Armenian goods, particularly industrial products, exported to Iraq account for the greatest part of the turnover.

“We exported some $80 million and $126 million-worth products to Iraq in 2014 and 2015, respectively,” Melkonyan added.

“Armenia mainly ships cigars, cigarettes, alcoholic beverages, livestock, and processed food products among other things.”

Read also: Welcome to Iraq: Armenian cigarettes gaining popularity

 Top stories
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
---