PRESS RELEASE BY THE MINISTRY FOR FOREIGN AFFAIRS AND TRADE PROMOTION Malta and Armenia agree to explore new avenues of bilateral cooperation

Malta and Armenia agree to explore new avenues of bilateral cooperation�first session of political consultations to be held in the coming months; agreement reached on avoidance of double taxation

Malta’s Minister for Foreign Affairs and Trade Promotion Carmelo Abela and Armenia’s Minister of Foreign Affairs Zohrab Mnatsakanyan expressed both countries’ commitment to exploring new avenues of cooperation in areas of mutual interest. The two foreign ministers exchanged views during a meeting in the Armenian capital, Yerevan, on Thursday, as part of the first high-level visit by a Maltese delegation to Armenia.

“We welcome the increasing high-level contacts between Malta and Armenia, a reflection of the excellent relations that our two small countries have enjoyed since the establishment of diplomatic ties in 1993”, said Minister Abela. “Malta is open to exploring new areas of cooperation, which would be strengthened by a mutual political will to ensure the successful outcome of current and new initiatives. In this regard I recall the signature, in February 2019, of the Memorandum of Understanding on the Establishment of Political Consultations, and we look forward to the first session of these political consultations in Malta soon.”

Both ministers agreed that trade relations between Malta and Armenia are unimpressive at their current levels and voiced their commitment to search for ways of increasing awareness among the respective business communities on trade opportunities that exist. Minister Abela said that Malta looks forward to the conclusion and signing, in the coming months, of an Avoidance of Double Taxation Agreement with Armenia which will serve as an incentive to increase trade and business exchanges. Furthermore, efforts are being made to identify easier air connections between the two countries.

Minister Abela also noted the recent developments in cultural ties and expressed eagerness for these cultural exchanges to be intensified, following the signing of the bilateral Cultural Agreement in December 2017.

On EU-Armenia relations, Minister Abela reiterated Malta’s support for the active engagement between both sides and welcomed the progress made by Armenia within the Eastern Partnership (EaP) Framework. He underlined Malta’s support for the EU-Armenia Comprehensive and Enhanced Partnership Agreement (CEPA), which strengthens the political dialogue and sets a solid basis for the continuation of economic and social reforms being undertaken in Armenia. Malta ratified the CEPA in September 2018.

Source: Government of Malta