Armenia, South Korea to sign agreement on economic, industrial, scientific and technical cooperation

YEREVAN, AUGUST 31, ARMENPRESS. Armenia and South Korea plan to sign an agreement on economic, industrial, scientific and technical cooperation.

The bill approving the signing is included in the agenda of the August 31 Cabinet meeting.

The agreement is expected to allow to strengthen economic relations, enhance cooperation between companies, including SMEs, by creating favorable conditions for investments.

It will serve as a platform to strengthen and expand the economic, industrial, tourism, agricultural and scientific-technical cooperation, boost trade turnover and promote partnership.

The agreement envisages the creation of an Armenian-Korean Intergovernmental Commission for scientific-technical, economic and industrial affairs.