Tuesday, July 21 2026 13:21
Marianna Mkrtchyan

Potential for strengthening Armenian-Italian economic cooperation  discussed in Venice

Potential for strengthening Armenian-Italian economic cooperation  discussed in Venice

ArmInfo.  As part of the Armenian government's program to facilitate the entry of Armenian  enterprises into European markets, a working meeting was held at the  Honorary Consulate of the Republic in Venice on July 20. The event  was attended by Deputy Minister of Economy of Armenia Anushik  Avetyan, Ambassador of Armenia to Italy Vladimir Karapetyan, Director  of the Investment Support Fund Gohar Abajyan, President of the Venice  Union of Businessmen Marco Zecchinelli, CEO Nicola Zanon, and members  of the board.

According to the press service of the Armenian Embassy in Italy,  during the meeting, prospects for expanding Armenian-Italian economic  cooperation were discussed, and ideas and experiences on promoting  Armenian products in European markets in various sectors were  exchanged, as well as on strengthening trade and economic ties  between the two countries and creating new business opportunities. 

The delegation was then received by the Prefect of Venice, Darko  Pellos. During the meeting, the importance of further developing  economic and institutional cooperation between Armenia and Italy was  emphasized.

As a reminder, the Russian authorized bodies - Rospotrebnadzor and  Rosselkhoznadzor - imposed restrictions on the export of agricultural  products and flowers from Armenia to markets in the Eurasian Economic  Union (EAEU). The agencies' official statements stated that the  reason for these restrictions was the identified violations. Armenia  traditionally exported approximately 90% of its fresh agricultural  produce to the Russian market.

In response to the current situation and the difficulties facing  Armenian producers, the Armenian government has developed several  programs to support exports to European markets, including  compensation for transportation costs and customs duties. It should  be noted that, according to the RA Statistical Committee, foreign  trade turnover between Armenia and the EU in January-May 2026  increased by 45.2%, amounting to $1.355 billion. At the same time,  exports increased by 92.7% to $460.6 million, against the backdrop of  import growth of 28.9% to $894.5 million.