CU membership to give renewed impetus to Armenian exports: Union of Local Manufacturers

CU membership to give renewed impetus to Armenian exports: Union of Local Manufacturers

YEREVAN, December 23. /ARKA/. Membership in the Customs Union (CU) will give a renewed impetus to exports of Armenian ready products (i.e. knitting, tanning and light industries) as a whole, head of Armenia’s Union of Local Manufacturers Vazgen Safaryan said.

A number of small machine-building enterprises as well will get their production output increased, Safaryan told a press conference Friday.

Safaryan said Armenia has agreements about cooperation with 70 territories of the Russian Federation. Safaryan said development of small- and medium-sized enterprises may get a renewed impetus if a special body is set up for strengthening these ties and looking into what Armenian products can be supplied to these regions and what of Russian investments can be attracted for joint ventures. 

The head of the Union said Armenia exported products worth more than $290 million to Customs Union countries in 2012 and worth $260 million in eleven months of this year. Exports of raw materials to the EU country amounted to $560 million, he said.

Exporting ready products to the Customs Union, as compared with raw material exports to the EU, is one of the most important reasons for us to accept the Eurasian integration, Safaryan said.

Among most important political achievements during the year Safaryan pointed to Europe’s decision to continue cooperation with Armenia, despite the country’s decision to join the Customs Union. –0--

10:32 23.12.2013

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