The visit of the Portugal Global-Trade & Investment Agency to Armenia

18 September, 2021

On September 15-17, 2002 the visit of the Portugal Global-Trade & Investment Agency (AICEP) delegation headed by Mr. Luís Filipe de Castro Henriques, President of the board of the agency took place in Armenia upon the initiative of the Embassy of Armenia to Portugal.

On September 16, a working meeting was held on the premises of Armenia’s Ministry of Foreign Affairs with the participation of Enterprise Armenia (Investment Support Center) Foundation and AICEP attended by the representatives of the Ministries of Foreign Affairs, Economy and High-Tech Industry.

By welcoming the AICEP delegation H.E. Garen Nazarian, Ambassador of Armenia to Portugal emphasized that it is the intention of the Armenian side to intensify bilateral trade-economic relations, promote Armenia-Portugal business ties, identify investment attractiveness, the export potential, privileges and opportunities in both countries.

At the meeting, Mr. Levon Ohanesyan, CEO of Enterprise Armenia, and Mr. Luís Filipe de Castro Henriques, President of the board of AICEP, delivered remarks and stressed the importance to further the efforts aimed at developing and promoting the trade and economic opportunities between two countries and in this regard underlined the need to deepen the institutional cooperation between the national investment promotion authorities.

The Portuguese delegation was introduced to the distinctiveness of Armenia's economy and business environment, the legal framework that governs the investment field. Presentations were also delivered on Armenia's high-tech and agricultural sectors as progressive branches of the economy, which may be especially interesting for Portuguese business circles. In his turn, Mr. Henriques presented the business environment and opportunities in Portugal.

In the concluding part, the state investment promotion agencies signed a memorandum of understanding reaffirming their intentions to support each other in providing business solutions for stakeholders on both sides, promoting the investment climate in Armenia and Portugal, and establishing a practical framework for the development of stronger business relations between business communities.

Within the framework of the visit, the AICEP delegation held meetings with the ministers of the Economy and High Tech Industry and visited private companies. The delegation had opportunities to become acquainted with the programs of the state agencies concerned and those related to the state-private sector partnership.

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