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.