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“The trade-economic relations between Armenia and France are at a low level. The commodity turnover in the two directions amounts to 50 million euros,” Jean-François Charpentier, Ambassador Extraordinary and Plenipotentiary of France to Armenia, said at a news conference on Thursday, reports Panorama.am.

In his words, this is also conditioned by the fact that the Armenian economic market is not well known in Western Europe. “Currently the things tend to change, however a clearly marked desire to immediacy get integrated in that market is not yet observed. The positive dynamics is that major French enterprises already show interest towards the Armenian market. This is also linked with the fact that the Armenian market also entails another potential opportunity to get in touch with the Iranian market. Armenia’s membership to the EAEU can also promise possible prospects,” Mr. Charpentier noted.

The Ambassador underscored that regardless the low commercial and economic turnover, France has quite a significant presence in the Armenian economic field.

Jean-François Charpentier noted that the situation can be considered more satisfactory in terms of investments, since there are French companies operating in Armenia.

Asked whether the improvement measures taken by the Armenian Government inspires trust to the French investors to make investments in Armenia, the French diplomat noted that the Government’s trust actions are among the factors that condition the outlined interest of French enterprises towards Armenia.