Armenian government will provide financial assistance to organization and holding of "Made in Armenia- 2016" expo Armenian government will provide financial assistance to organization and holding of "Made in Armenia- 2016" expo

ArmInfo. The Armenian  government will provide financial assistance to organization and  holding of  "Made in Armenia-2016" exhibition, which will be held in  Yerevan between September 19 and 22. 

According to Armenia's Economy Minister Artsvik Minasyan it is  planned to hold large economic forum on September 20, which will  cover Iran and the Eurasian Economic Union's opportunities. It is  anticipated that nearly 200 participants will attend the forum  including high-ranking officials from Iran and the EEU countries.  Holding the expo and the forum will become a real opportunity for  getting acquainted with the products of Armenian producers, which is  very important for boosting export of these products. The Armenian  government will direct nearly 26.6 mln AMD from the Reserve Fund on  the organization and holding of the expo and forum. The overall  budget of the upcoming events totals 78 mln AMD. 

Earlier it was reported that over 320 companies from Armenia and  Artsakh from various export- oriented sectors of industry will be  presented at the exhibition to demonstrate the potential of local  industry, find new sales markets, attract foreign investors, set up  joint ventures, establish business relations, and to provide an  opportunity for fruitful negotiations with distributors and foreign  investors. Karen Mkrtchyan, CEO of the Development Foundation of  Armenia, says that the organizers expect delegations of potential  buyers and investors from the EEU and EU countries, Iran, the United  States, and China to attend the exhibition to promote exports. In  addition, the Foundation has certain tools to support exporters - the  Foundation subsidies loans and supports companies to attend foreign  exhibitions. 

To note, the Made in Armenia exhibition was first held in 2015 and  was timed to the events commemorating the Armenian Genocide  Centennial. This year, it is timed to the 25th anniversary of  Armenia's independence. The organizers of the event are the  Development Foundation of Armenia, the National Department for Trade,  Investment and Tourism, and the Armenian Ministry of Economy.