Expert: Armenia has the potential to strengthen economic ties with BRICS 

Economist Anna Pakhlyan argues that Armenia could reach important agreements with Iran, India and China on infrastructure development at the upcoming BRICS summit in Russia on 22-24 October. Armenia, a non-BRICS member and first-time participant in the BRICS summit, has strong economic ties with most of the BRICS members and is willing to develop economic relations with others.  

Pakhlyan argues that "reaching agreements with Iran, India and China on issues of road infrastructure development" will further enhance cooperation. Although Armenia has increased trade relations with Russia, the UAE, China, Iran and India, imports and exports with other BRICS countries such as Ethiopia and South Africa remain low.

Source: commonspace.eu with other agencies.    

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Talks on Azerbaijan-Kazakhstan relations held in Astana

Talks on Azerbaijan-Kazakhstan relations held in Astana

Khalaf Khalafov, the Azerbaijani President's Representative on Special Assignments, has held a number of meetings in Astana, the capital of Kazakhstan. As part of the trip, Khalafov met with Murat Nurtleu, Deputy Prime Minister of Kazakhstan & Minister of Foreign Affairs, and Erzhan Kazykhan, Assistant to the President of the Republic of Kazakhstan for External Affairs.

Popular

Editor's choice
News
Talks on Azerbaijan-Kazakhstan relations held in Astana

Talks on Azerbaijan-Kazakhstan relations held in Astana

Khalaf Khalafov, the Azerbaijani President's Representative on Special Assignments, has held a number of meetings in Astana, the capital of Kazakhstan. As part of the trip, Khalafov met with Murat Nurtleu, Deputy Prime Minister of Kazakhstan & Minister of Foreign Affairs, and Erzhan Kazykhan, Assistant to the President of the Republic of Kazakhstan for External Affairs.