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The old Armenian city Tsahkadzor hosted the annual international business forum of the Eurasian Economic Union on 1-4 June 2018.

14.06.2018
The old Armenian city Tsahkadzor hosted the annual international business forum of the Eurasian Economic Union on 1-4 June 2018.

The old Armenian city Tsahkadzor hosted the annual international business forum of the Eurasian Economic Union on 1-4 June 2018.

The business forum was attended by businessmen and government officials responsible for international trade from Armenia, Belarus, Iran, Kazakhstan, Kyrgyzstan and Russia. As part of numerous dialogs and business meetings, the participants discussed industrial cooperation and interaction within EURASEC, and joint efforts in the banking, construction, pharma and agro industries.

“An agreement was reached at he forum in Armenia to develop cooperation between the Association of Small and Medium-Sized Exporters and the department for investment projects and investment attraction of AO NK SaryArka of Kazakhstan, based in Karaganda,” said Yuri Shurygin. “Identifying and finding potential investors, promotion of Karaganda producers in the Eurasian Economic Union and information support for them were selected as the most promising fields of cooperation. The parties are planning to start full-scale cooperation in the third quarter of 2018.”

SaryArka, a social entrepreneurial corporation, was established to promote and assist sustainable development of Kazakhstan’s Karaganda Region on the basis of the state’s meaningful partnership with business and creation of dedicated investment and innovation structures to achieve a qualitatively new level of competitiveness and diversification in the region’s economy.

The first annual international business forum of the European Economic Union to promote Armenia’s international economic cooperation was convened in Tsahkadzor in 2014, timed to Armenia’s accession to the Customs Union formed earlier by three of ex-Soviet constituent republic. The forums are held under the aegis of the Eurasian Economic Commission, the Armenian government, and government of other EAEU countries. The organizers of the 2018 forum were the national chambers of commerce of Armenia, Russia, Kyrgyzstan and Belarus, Kazakhstan’s national export and investment authority, KAZAKH INVEST National Agency, and Armenia’s EvenCenter.

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