Martin Sargsyan, the president of Armenia's Chamber of Commerce and Industry, met with Mark Kalinin, the head of CIS federal agency Rossotrudnichestvo, last week to sign an agreement of cooperation that provides for the development of scientific, technical and interregional cooperation.

The two parties will work to develop additional variants of cooperation for forming a more effective partnership.

Sargsyan announced the development of an information portal that would help the parties become closer and increase their mutual trust.

The agreement requires the participants to support the promotion of a more favorable business climate. It also requires them to create new links and implement joint projects for expanding foreign economic relations.