RA Government, private sector sign memos
The Industrial Council adjunct to the Armenian Prime Minister held its regular sitting on April 20, with Prime Minister Tigran Sargsyan chairing the meeting.
Minister of Economy Tigran Davtyan presented the work done within the framework of the export-oriented industrial policy.
The volume of industrial production is expected to cross the threshold of 1 trillion AMD this year. An impressive 14.1% growth was registered in the sphere in 2011. According to the Minister, an 18.5% growth of industrial production has been registered in the first two months of 2012.
Tigran Davtyan noted that the government applies different tools to assist the industrial companies. Under the export-oriented industrial policy it is expected to participate in different international forums and exhibitions, In particular, a business delegation is leaving for Georgia today to present a program of export of Armenian goods.
Memorandums on implementation of strategies were signed between the Armenian government and representatives of the spheres of pharmaceutics, biotechnologies and cognac production. On behalf of the government, the documents were signed by Minister of Economy Tigran Davtyan, Agriculture Minister Sergo Karapetyan and Minister of Healthcare Harutyun Kushkyan.
The memorandums aim to ensure stable growth in the above-mentioned fields, diversification of export markets, rise of international competitiveness and creation of new jobs.
