UAE trade minister offers Armenian colleagues cooperation in nuclear energy

Foreign Trade Minister of the United Arab Emirates (UAE) Sheikh Lubna al Qasimi offers Armenian businessmen to cooperate in the field of nuclear energy.

“We are trying our best to boost growth bilateral trade between the two countries. This year the parties have an agreement on cooperation in the spheres of science and technology. As an emerging economy, Armenia has big potential in developing the sectors of jewelry-making, IT and electric equipments,” Mr Qashimi said at an Armenia-UAE business forum that kicked up in Yerevan on Wednesday.

Opening the forum Armenia’s Prime Minister Tigran Sargsyan in turn said that the forum aims at discovering the existing potential in the field of economic relations between Armenia and UAE.

“It is not a secret that we have good friendly relations with UAE … and this business forum is aimed at discovering the existing potential in the field of economic relations between Armenia and UAE that must be realized for sure,” said Mr Sargsyan.

“I think that our program of establishing a free trade zone in Zvartnots Airport will interest UAE businessmen,” said Mr Sargsyan, adding that such meetings will from now on be held frequently.

The next such meeting will take place in UAE.

Armenia’s Ministry of Economy and UAE’s Foreign Trade Ministry signed a Memorandum of understanding.

Armenian and UAE businessmen will in the coming two days present each other their business plans.

Trade turnover between Armenia and UAE has been a total of $130 million USD in 2006-2010.