Armenia to Strengthen Economic Ties with Italy and the Netherlands

Armenia to Strengthen Economic Ties with Italy and the Netherlands

The month of February saw a flurry of diplomatic activities happening in Armenia, most prominent were the Italian and Dutch delegation that arrived in Armenia to discuss strengthening both countries’ economic ties.

On February the 4th, 2022, the Minister of Economy of RA Vahan Kerobyan received the Ambassador Extraordinary and Plenipotentiary of the Kingdom of the Netherlands to the Republic of Armenia Nicholas Schermers, both parties discussed ways to deepen the economic ties between the two countries.

Armenia to Strengthen Economic Ties with Italy and the Netherlands
Source: ArmRadio

The parties agreed that there is a huge potential for further economic ties to be made between Armenia and the Netherlands by implementing programs in both state and private sectors. Industries of interest between Armenia and the Netherlands discussed were chemical, textile, high-tech, pharmaceuticals, mechanical engineering, and tourism.

The Dutch delegation commended the Republic of Armenia on the reforms that are being implemented and stressed that modernization and development of SMEs must continue.

On February the 14th, 2022, Minister of Territorial Administration and Infrastructure Gnel Sanosyan received the Italian delegation led by Ambassador of Italy to Armenia Alfonso Di Riso.

The Italian Ambassador stated that Italian firms are interested in the Armenian market especially in sectors related to energy, construction, and infrastructure and that he wishes to see Italian companies establish themselves in Armenia.

Hrazdan Thermal Power Plant Armenia

The minister stated that Armenian-Italian cooperation is already underway through the construction of a thermal power plant in Yerevan by the cooperation of the Italian Renco and the government of Armenia. He said this cooperation could serve as an example for other Italian companies.

Both sides also highlighted the creation of relations and mutual partnership between the Armenian and Italian cities.