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 | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |