Memorandums signed in Yerevan to develop watchmaking, jewelry and light industries

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Economy

06.02.2014, 13:25

Armenian government signed a number of memorandums with leading jewelry manufacturers, watchmaking and light industry companies after the regular meeting of the country’s Industry Council Wednesday.

Memorandums signed in Yerevan to develop watchmaking, jewelry and light industries

YEREVAN, February 6. /ARKA/. Armenian government signed a number of memorandums with leading jewelry manufacturers, watchmaking and light industry companies after the regular meeting of the country’s Industry Council Wednesday.

The memorandums were signed by Armenia’s deputy minister of economy Tigran Harutiunyan on the government side and representatives of the Armenian Jewelers Association, Armenian Light Industry Employers Union and manufacturing, educational and research organizations on the other side. The documents were signed in the presence of Armenia’s premier Tigran Sargsyan, the government press office reported.

The aim of the memorandums is to help support long-term development of jewelry, diamond-cutting, watchmaking and light industries and make their products competitive in the global markets. The documents also envisage wider cooperation of government – private sectors as part of development strategy for these sectors, according to the report.

On December 15 Armenia’s government approved a strategy of industrial policies to form a developed export-oriented industrial system, to support production of goods in line with international standards, promotion onto the global markets and creation of new jobs in the country. The priority fields under the strategy are jewelry manufacturing, diamond-cutting, watchmaking and light industry. –0--

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