The Armenian-Belgium Chamber of Commerce and business promotion agencies of Armenia and Wallonia, Belgium, plan to implement the ArmenWal business program, the press service of the RA Foreign Office told NEWS.am.

The program will be implemented in several stages. At the first stage Armenian and Belgian organizations interested in joint production and other types of cooperation will be selected. With this end in view, at a special conference held in Belgium businessmen from Wallonia were informed of the details of the ArmenWal program and of the Armenian economy. The sides discussed the possibilities of joint business projects.

Among the participants were the RA Trade Representative to EU and the Director General of the Armenian Development Agency.

A workshop will be held in Brussels on June 3 to sum up the preparatory work, and the companies will discuss further steps.

Wallonia Foreign Trade and Investment Agency (AWEX) and UNIDO will sponsor the program. The RA Embassy in Belgium will assist the program.

Armenia is the only Transcaucasian state involved in the ArmenWal program. The aim of the program is the establishment of joint ventures with Belgian investments and the activities that would enable the sale of joint products to Russia, Ukraine and the other CIS member-countries.

T.P.