Armenian prime minister says increasing export of locally-made medications is inspiring

YEREVAN, March 4. / ARKA /. Armenian Prime Minister Tigran Sargsyan said today the increasing exports of locally-made medications is very inspiring. Speaking at the presentation of the 2013-2014 National Competitiveness Report he said this industry reports a 35% annual growth in exports thanks to private investments, effective management, introduction of  new standards  and winning new markets.

Sargsyan recalled that production of medications is one of the 11 priority areas which the government pledged to assist.

"Businesses are unable to move ahead without the support of the government. The government no longer has the right to wash its hands and say that businesses themselves must resolve their problems,”he said.

Sargsyan  recalled that in 2010, at a seminar in Dilijan attended by president Serzh Sargsyan,  leading specialists of the World Bank , the International Monetary Fund , scientists and politicians , it was decided that the government together with the private sector would pursue an active industrial policy.

He said  the essence of this policy is to identify sectors which in terms of management, financial capabilities  and industrial potential are better placed than others and show them support.

According to the National Statistical Service, pharmaceutical production in 2013 amounted to 5. 3 billion drams, having increased by 29.9 % from 2012. -0-