Gevorgyan: Armenia may increase its jewelry output many times after joining customs union

Gevorgyan: Armenia may increase its jewelry output many times after joining customs union

YEREVAN, December 4. /ARKA/. Armenia may increase its jewelry output many times after it joins the Customs Union, Gagik Gevorgyan, the president of the Armenian Jewelers Association, told ARKA News Agency.  

He said Armenia’s jewelry industry will get an excellent opportunity for growth.

“Today Armenian goods legally reach Russia’s market, which is quite closed, with difficulties, while after joining the Customs Union there will be no customs problems…” he said. 

Gevorgyan said Armenia’s jewelers will be able to export their products to Russia, Belarus and Kazakhstan. 

“Now Armenia’s jewelry output is ridiculous, since it is possible to produce as much jewelry as needed, but it is difficult to reach foreign markets,” he said. 

In early September, Armenian President Serzh Sargsyan and his Russian counterpart, Vladimir Putin, made a joint statement, according to which Armenia has decided to join the Customs Union and to take part in formation of the Eurasian Union in the future.

According to the National Statistical Service of Armenia, jewelry worth AMD 15.1 billion was produced in the country in Jan-Oct 2013 – 21.8% year-on-year growth. 

Export of precious and semiprecious stones, precious metals and jewelry made of them amounted to $155.2 million in Jan-Oct 2013 (11.4% growth), and imports totaled $244.2 million (67% growth). ($1 – AMD 403.91). ---0----

18:43 04.12.2013

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