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Expert: Armenia's Membership In Customs Union To Give New Impetus To

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  • Expert: Armenia's Membership In Customs Union To Give New Impetus To

    EXPERT: ARMENIA'S MEMBERSHIP IN CUSTOMS UNION TO GIVE NEW IMPETUS TO COUNTRY'S LIGHT INDUSTRY

    YEREVAN, February 20. /ARKA/. Armenia's membership in the Customs
    Union will give a new impetus to the country's light industry,
    Vazgen Safaryan, chairman of the Union of Domestic Manufacturers,
    said Thursday at a news conference.

    He said the membership would be beneficial to the whole national
    economy, since there are no customs barriers inside the union.

    In particular, he said, Armenia will be able to produce shoes from
    own leather and to expand textile industry.

    Safaryan stressed the importance of restoration of Masis shoe factory,
    whose products once were highly demanded all over the Soviet Union.

    He also singled out Tosp knitting factory that not only sells its
    products inside Armenia, but also exports them.

    The export of certain goods, such as electrical devices, which are
    highly demanded in Customs Union member countries, will become more
    effective after accession of Armenia to the Customs Union.

    Safaryan pointed out brandy, canned vegetables and fruits as well
    as dried fruits as products highly demanded at the Customs Union's
    market. -0---

    - See more at:
    http://arka.am/en/news/economy/expert_armenia_s_membership_in_customs_union_to_gi ve_new_impetus_to_country_s_light_industry/#sthash.0UQXsvR2.dpuf



    From: Emil Lazarian | Ararat NewsPress
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