Expert: Armenia’s membership in customs union to give new impetus to country's light industry

Expert: Armenia’s membership in customs union to give new impetus to country's light industry

YEREVAN, February 20. /ARKA/. Armenia's membership in the Customs Union will give a new impetus to the country's light industry, Vazgen Safaryan, chairman of the Union of Domestic Manufacturers, said Thursday at a news conference.  

He said the membership would be beneficial to the whole national economy, since there are no customs barriers inside the union. 

In particular, he said, Armenia will be able to produce shoes from own leather and to expand textile industry. 

Safaryan stressed the importance of restoration of Masis shoe factory, whose products once were highly demanded all over the Soviet Union. 

He also singled out Tosp knitting factory that not only sells its products inside Armenia, but also exports them.   

The export of certain goods, such as electrical devices, which are highly demanded in Customs Union member countries, will become more effective after accession of Armenia to the Customs Union. 

Safaryan pointed out brandy, canned vegetables and fruits as well as dried fruits as products highly demanded at the Customs Union’s market. -0---

17:27 20.02.2014

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