Armenia's foreign trade surged 44.4 percent to $876.4m in January-March 2007. Exports stood at $231.2m (up 25.1 percent) and imports amounted to $645.2m (up 52.9 percent.Armenia has now become a rapid consumer of foreign goods. That's great, but can't we have the production edge in any industry?
...the two sides will set up a joint venture that will explore areas in the southeastern Syunik region which Armenian and Russian geologists believe are rich in uranium. He was confident that they will discover commercially viable reserves of the radioactive metal used in nuclear power generation.As long as the environmental impact is well understood and managed, the latter being highly unlikely, exporting Uranium can be lucrative for Armenia. Global prices for a pound - that's 450 grams - of Uranium are currently hovering around $75 and a further escalation towards or even past $100/pound is expected.
"Armenia will be able to meet its needs and sell [uranium] to others..."
Armenia will exhibit a collection of Armenian goods in Toronto, Canada, between January 16th to 21st. Some 36 companies will present carpets, clothing, footwear, food, and more.Armenia needs to export, or its trade deficit will continue to grow even more.
It seems that Canada is especially interested in low sugar and low salt Armenian canned fruit and vegetables.
