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Yerevan, November 29. /ARKA/. The trade turnover between Armenia and
Korea made $6,5 mln in 4 years, of which $1 mln fell to export from Armenia
and $5,5 – to import, as stated Vahagn Movsisyan, the Head of Armenian
Development Agency. He said that the export mainly includes paper and
aluminum, as well as optical and photo equipment. The imported products
are tobacco, non-organic chemical compounds, nuclear reactors and equipment,
electric machinery, pharmaceutical and plastic production.
In his turn, Lee Kwang-Hee, the Director of the Trade department of Korean
Embassy in RF, the President of Korean Trade Center in Moscow noted that,
trade turnover between Armenia and Korea made $2,7 mln in 11993, and in
2003 - $3,7 mln, thus demonstrating the tendencies of growth.
However, according to the data of 9 months 2004, the trade turnover decreased
up to $2 mln, due to almost 50% reduction tobacco and textile production
to Armenia. He noted that the main share of the export from Korea to Armenia
falls to boilers and conditioners, at that only in 2004 the volume of
boiler deliveries grew by 400% as compared to the same period of 2003.
At that, he mentioned that the import from Armenia to Korea is focused
on three types of products – transistor, components of biocurrent
optical equipment and electric medical equipment.
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