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
US expresses support for Georgian people and condemns violence on protesters

US expresses support for Georgian people and condemns violence on protesters

The United States has expressed support for the Georgian people saying that it has been a partner to Georgia and the Georgian people for more than 32 years.  In a statement on Wednesday, Secretary of State Anthony J.Blinken said that the partnership has been rooted in a shared love of freedom and democracy and a desire to see Georgia in the Euro-Atlantic family. 

Popular

Editor's choice
News
US expresses support for Georgian people and condemns violence on protesters

US expresses support for Georgian people and condemns violence on protesters

The United States has expressed support for the Georgian people saying that it has been a partner to Georgia and the Georgian people for more than 32 years.  In a statement on Wednesday, Secretary of State Anthony J.Blinken said that the partnership has been rooted in a shared love of freedom and democracy and a desire to see Georgia in the Euro-Atlantic family.