Armenian and Ukrainian unions of industrialists and businessmen signed a partnership agreement within the framework of Ukrainian-Armenian business forum in order to increase long-term trade and economic cooperation, creating favorable conditions for mutually beneficial investment cooperation.

The document was signed by head of the Ukrainian Union of Industrialists and Entrepreneurs Anatoly Kins and chairman of the Armenian Union of Industrialists and Entrepreneurs Arsen Ghazaryan.

“Armenia and Ukraine are faced with a task of economic modernization, improving its competitiveness, as well as development of transport infrastructure, strengthening the innovation policy and so on. Having a powerful scientific and industrial potential Ukraine is ready to cooperate in restoration of Armenia’s transport infrastructure, in the field of agriculture, chemical and metallurgical industry, power engineering,” said Kins.

According to him, there are necessary conditions for the Ukrainian-Armenian cooperation in the transport sector, from reconstruction of modern roads in the territory of Armenia up to construction of Armenia – Iran railway.