ICC DELEGATION VISIT

TO ARMENIA
June 06, 2024 - June 09, 2024
 BACKGROUND

Indian Chamber of Commerce jointly with the Embassy of The Republic of Armenia is
organising a Business delegation to Armenia from 06th - 09th June 2024 to strengthen
bilateral trade.

The engagement will provide an excellent opportunity to business stakeholders and

investors from other geographies to have a foot in these important provinces.

Armenia and India maintain active political ties. Effective cooperation exists between the
two nations within international bodies.

HISTORICAL TIES

Diplomatic relations were established between the Republic of Armenia and the
Republic of India in 1992.
If the Armenian-Indian political relations can be evaluated as “excellent”, Armenia is
the only Commonwealth of Independent States (CIS) country with which India had
diplomatic relations in 1995 (other than Russia).
The CIS was founded in 1991 after the dissolution of the Soviet Union.
India and Armenia signed a Treaty on Friendship and Cooperation in 1995.
 SUPPLY CHAIN AND ECONOMY

In the contest over global supply chains, Armenia provides a potential outpost for New
Delhi in the Eurasian corridor which extends from the Persian Gulf to Russia and Europe.
Armenia, with its rich history and strategic location, has launched the Crossroads of Peace
project as a testament to its commitment to global cooperation.

The Crossroads of Peace has the potential to transform a fragmented region with closed
borders into a macro-regional cooperation hub, to unleash the whole potential of the
Caucasus, tout court. Armenia can also prove a worthy developmental partner to India in
domains such as agriculture, pharmaceuticals, manufacturing, and technology. Armenia
with its skilled workforce and commitment to sustainable development is well-positioned to
play an instrumental role in the emerging economic landscape. By harnessing the power of
digital innovation, Armenia seeks to create an environment where democracy flourishes,
and technology becomes a force for good in addressing global challenges.

MAIN IMPORTS TO ARMENIA:

Meat, tea, rice, precious stones, medicines, textile products, jewelry, industrial products,
plastic and linoleum products, and electronic devices.

MAIN IMPORTS FROM ARMENIA:

Precious and semi-precious stones, copper and copper products, aluminum and aluminum
products, chemical industry products, non-ferrous metals, metallic scrubs, raw rubber.
 AREAS OF COOPERATION

Armenia is the only country in the region with which it has a friendship and
cooperation Treaty (signed in 1995 in New Delhi).
In addition, there are over 30 Agreements/MoUs covering diverse areas of possible
cooperation such as trade and commerce, culture, tourism, education, defense, science
and technology, information technology, double tax avoidance, academic cooperation
between institutes and think tanks, etc.

PROPOSED AGENDA OF THE VISIT

B2B Meetings
Factory Visits
Meeting at the Ministry of Economy
Meeting at the Tourism Committee
Meeting at the Chamber of Commerce and Industry
Meeting with Educational Institutions
Meeting with Film Industry
Networking
Cocktails and dinner

ICC would be charging Rs. 50,000/- + GST per delegate.

Travel, Accommodation, and Food will be borne by the delegates.
Local travel in Yerevan for official meetings will be taken care of by ICC,
except for airport transfers.

For more details please contact,

Suresh Babu. R | Assistant Director | Indian Chamber of Commerce (ICC)
Mobile: +91 98840 86450 | Email ID: suresh.babu@indianchamber.net