The regular session of the presidency of the Chamber of Commerce and Industry of the Republic of Armenia


On September 2, in Arzakan settlement of Kotayk region, the regular external session of the Chamber of Commerce and Industry of RA presidency took place, chaired by the Chamber's president Martin Sargsyan. The session took place in existing and online modes.

"Today, the agenda of business is to increase export volumes and create new structures aimed at increasing efficiency," Mr. Martin Sargsyan highlighted the main topic of the meeting.

The project of forming a structure supporting export was presented in detail by the Chamber's vice-president Karen Ivanov, simultaneously answering the many concerns of the participants. Mr. Martin Sargsyan made an important observation related to the topic, noting that foreign trade will not naturally develop fully if the business of insurance of goods and services is not regulated. It is one of the important links in the chain of complex work.

Andranik Aleksanyan, executive director of the chamber, added the establishment of virtual offices in different countries and interrelated work. The preparation and approval of the agreement on free trade between the member states of the Eurasian Economic Union and the Islamic Republic of Iran was considered an important issue in the development of foreign trade, which will have a landmark and regulatory role. He proposed to invite the Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to Armenia to discuss the issue thoroughly. As an important link in that chain, Mr. Aleksanyan mentioned the establishment of a business council with free participation between the United Arab Emirates-Armenia chambers of commerce and industry.

Chairman of the session, Martin Sargsyan, together with Artashes Kakoyan, the president of the permanent arbitration institution attached to the Palace, presented questions and clarifications about the most effective and preferable individual options in that case, in particular, the advantage of examining economic disputes up to 5 million drams in arbitration proceedings, submitting arbitral awards without the approval of the courts of first instance. It is most effective in making quick judgments especially in a short period of time without any unwanted delays. At the same time, it is necessary to be concerned with the issues of preparation and training of arbitration judges.

Sargis Aghabekyan, a member of the Presidency of the Chamber of Commerce and Industry of RA, emphasized the membership procedure and financing of the planned structure. There were also suggestions regarding monitoring, creation of a separate electronic website and other issues.

At the end of the session, the president of the Chamber of Commerce and Industry of RA, Martin Sargsyan, in order to gain the approval of the participants, put the foundation for the creation of the export support structure to the vote, which passed unanimously.