Armenia-Iraq trade turnover grows by 30% each year: officialJune 18, 2016 - 12:04 AMT 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 | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |