All packed consumer goods produced in Armenia will have to carry ‘Made in Armenia’ label

All packed consumer goods produced in Armenia will have to carry ‘Made in Armenia’ label

YEREVAN, January 23. / ARKA /. Under a government bill approved today all packed consumer goods produced in Armenia will have to carry ‘Made in Armenia’ label, finance minister David Sargsyan said to reporters after a regular cabinet session.

More precisely, it will be mandatory for milk and dairy products, coffee and caffeinated products, tea, sunflower oil, vinegar, packed meat and fish products, canned food, ice cream, some kinds of cosmetics and soaps.

The minister cited the State Revenue Committee data which say that the mandatory labeling of some goods – beer, soft drinks and mineral water- introduced in 2013 has significantly increased the struggle against shadow economy sector. 

Thus, according to the State Revenue Committee, beer production  in the third quarter of 2013 increased by 4.9 million liters or 232% from the year before, production of natural juices jumped by 2 5 million liters or 162%.

These findings were welcomed by Prime Minister Tigran Sargsyan who said shadow economy in some sectors slashed by half or even more. He said mandatory labeling proved to be more effective of previously used methods, for reducing the shadow economy and ‘therefore, work in this direction should continue.” -0-

14:59 23.01.2014

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