Full use of Armenia’s agricultural potential will triple agricultural output, minister says

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08.05.2015, 16:46

Full use of Armenia’s agricultural potential will triple its agricultural output, agriculture minister Sergo Karapetyan said at the opening of INVEST ARMENIA 2015 business forum in Yerevan on Friday.

Full use of Armenia’s agricultural potential will triple agricultural output, minister says

YEREVAN, May 8. / ARKA /. Full use of Armenia’s agricultural potential will triple its agricultural output, agriculture minister Sergo Karapetyan said at the opening of INVEST ARMENIA 2015 business forum in Yerevan on Friday.

According to official statistics, Armenia’s agricultural production in 2014 grew by 7.2% from the previous year to 993.4 billion drams.

"Our agricultural potential is large. New investments will not double but also triple the output," said Karapetyan.

According to him, Russia and other member states of the Eurasian Economic Union constitute a huge market for Armenia which can significantly increase exports to these countries.

INVEST ARMENIA 2015 business forum was attended by the ministers of economy and agriculture, heads of various government agencies, foreign ambassadors, business people from Armenia and other countries.

The event was organized by Business Partners of Armenia (BPA) with the support of the ministries of economy, agriculture, Diaspora and the Yerevan Municipality. ($ 1 - 480.96 drams). -0-

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