Armenian Foreign Minister Edward Nalbandian and his UK counterpart William Hague signed on Wednesday bilateral agreement to lift double taxation on income and property between the governments of two states.

The sides discussed issues related to political dialogue, development of bilateral relations, cooperation in the international agencies, business contacts and intensification of cultural ties, foreign office’s press service informed Armenian News-NEWS.am.  

Minister Nalbandian stressed that the Armenian-British relations have great potential for development. He pointed out high technology, energy, transportation, banking system as possible areas of economic cooperation.

The ministers also discussed the issues of cooperation between Armenia and the EU. William Hague welcomed deepening cooperation and rapprochement between Yerevan and the Union.

The sides also touched upon regional issues, including the situation in the Middle East and North Africa.

They discussed resolution of regional conflicts as well. Edward Nalbandian presented Armenia’s position on the Nagorno-Karabakh conflict, expressing hope solution will become possible in case Azerbaijan shows political will and constructive attitude.