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The Republic of Armenia is a country covering 29,743 sq.kms, located in the Caucasus, between Turkey to the west, Georgia to the north, Azerbaijan to the east, and Iran to the south. Armenia has more than 2.9 million people, with a GDP of US$11.5 billion in 2017.

The service sector contributes 52% of the country’s wealth production, with industry’s share coming to 29% and agriculture accounting for less than 20%. The Armenian economy is highly dependent on trade with Russia.

Trade between France and Armenia is relatively weak. French companies are present in Armenia in the agri-food, environment and banking sectors. In addition to economic relations, Franco-Armenian exchanges are developing because of the presence of a sizeable community of Armenian origin in France (source : France diplomatieMay 2018).

In order to meet the needs of its customers on the Armenian market, Simon Associés has developed privileged relations with economic and legal partners locally.

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