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Agriculture Min considers role of the agriculture in GDP formation a

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  • Agriculture Min considers role of the agriculture in GDP formation a

    Armenian Agriculture Minister considers role of the agriculture in GDP
    formation and export volumes essential

    15:05, 24 August, 2012

    YEREVAN, AUGUST 24, ARMENPRESS: Armenias agricultural sector has
    recorded significant progress in 2012 first half. As Minister of
    Agriculture of the Republic of Armenia Sergo Karapetyan told the
    reporters on August 24, agriculture has an essential role in provision
    of employment of the country, over 500 thousand people or 44.7 % of
    the country is engaged in the sphere. "In rural places the poverty
    level is largely conditioned by economic growth in the agricultural
    sector, as the overwhelming majority of peasants income derives from
    agricultural output and hired work. The increase of soil resource
    purposeful utilization is also important: sowing area increase has
    been registered by current year June 1 info”Karapetyan stated,
    Armenpress reports.

    In the words of high ranking official according to 2012 January-July
    agricultural GPD amounted 290.5 million AMD, which if compared with
    the same period of the previous year exceeds by 10.2 %.Plant growing
    ensured the main growth of the agriculture, which made 20% . "Cattle
    breeding increase also had an important impact, where GPD volumes have
    exceeded by more than 2 %"Minister noted. Karapetyan underscored
    agriculture sphere had a significant role in GPD formation due to the
    junctions of economic entities and several state launched assistance
    programs. In accordance with 2011 data agriculture sphere share
    amounted 20.2%.

    "Agriculture sphere succeeds in exporting as well. According to 2012
    January-June data export overall values in comparison with that of the
    previous year have grew by 13.5 %, yet the export of agriculture
    products increased by 55.7 % " Minister came up with.The share of
    agricultural products in export products in 2012 first half made 19.1%
    in comparison with previous year 13.9%.


    From: Baghdasarian
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