Armenia to double export in 4 years

Armenia plans to double export, Gagik Minasyan, chairman of the commission for financial-credit and budget issues of the Armenian Parliament, member of the Republican Party, said in Yerevan on December 2, PanARMENIAN reports.


Armenia exports products worth a total of $1.7 billion, the figure is to reach $3-3.5 billion in 2020 and $5-5.5 billion in 2020. 46% of exports are non-raw materials. The figure is to reach 50-55% by 2015 and 60-65% by 2020.


The innovative center TUMO will host public discussions of the strategic policy for development of Armenian industry on December 4 with stress laid on exports. Armenian Prime Minister Tigran Sargsyan will, officials from state structures, business and political figures will take part. The document involves 11 prospect spheres of Armenian economy. 3 spheres will be presented at the meeting: accurate tool-production, pharmaceutics and food industry.

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