Armenia and Brazil will sign an agreement on cooperation on economic matters, Armenian News.am reported.
The draft agreement submitted by the Minister of Economy was approved by the Armenian government at Thursday's meeting.
The initiative to sign an agreement was made by Armenia, with the aims of assisting Armenian participation in programs for reconstruction of Brazil's capital - Brasilia.
Trade turnover between the two countries amounted to $83 million in 2011 and $93 million in 2012. Brazil's share in Armenia's total foreign trade remains small and amounts to 1.5 per cent.
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