Samvel Karapetyan emphasizes necessity for genuine reforms in Armenia's agricultural sector

YEREVAN, September 8. /ARКА/. Tashir Group President Samvel Karapetyan presented a number of solutions for the well-being of the people of Armenia, which his team can quickly ensure.

"Armenia annually imports approximately $4 billion more goods than it exports. This means that our country has great potential for building production facilities, creating profitable investment programs, especially for providing residents of the regions with decent work," Karapetyan said in a message from the National Security Service pretrial detention center.

He noted that in a short time it is possible to attract large international investors with their production facilities, stimulate local businesses with targeted state support programs, "and not just "enter into a share" or try to "take away" it.

"Reforms in the agricultural sector must be real, on the ground: competition among companies engaged in purchasing crops from farmers must be so high that, by selling their products, the farmer can finally make a profit, ensuring the well-being of his family. And our agricultural products can become good raw materials for the development of the food industry,” he noted.

According to Karapetyan, in a few years, large internationally recognized companies should be represented and operating in Armenia, which will ensure a qualitatively new growth in the pace of tourism development and new conditions.

According to the latest data from Armstat, Armenia's foreign trade turnover in January-July 2025 compared to the same period in 2024 decreased by 42% and amounted to $11.4 billion. At the same time, exports from Armenia during this period decreased by 49.6%, to $4.4 billion, and imports amounted to about $7 billion with a decline of 35.8%.-0-