YEREVAN, FEBRUARY 11, ARMENPRESS. Agreement to develop cooperation in tourism as well as agreement on investments and mutual defense will be signed between the governments of Armenia and Montenegro. Armenian government approved the signing of the mentioned agreements, “Armenpress” reports.

Armenian Minister of Economy Karen Chshmaritian mentioned that the agreement to develop cooperation in tourism is aimed at establishing a legal framework in this sector and ensuring closer cooperation between the two countries which will contribute the sustainable tourism development and increasing tourism flows. “With the approval of the agreement it will be possible to create conditions to facilitate travel procedures of mutual visits between the two states in accordance with the legislation of the two countries,” the minister said.

The agreement on investments and mutual defense provides an opportunity to create equal conditions for the investors of 2 countries on the basis of equality and mutual benefit. It will promote business initiatives in both countries.