Tuesday, April 7 2020 16:53
Alina Hovhannisyan

Armenia intends to increase wine export in Canadian market

Armenia intends to increase wine export in Canadian market

ArmInfo. Armenia intends to increase wine export volumes in the Canadian market. Deputy Minister of Economy Avag Avanesyan announced this on April 7 during a meeting of the NA Standing Committee on Economic Affairs.

He noted that at this stage, contacts were established with Canadian  partners and negotiations are underway on the export of Armenian  wine, the taste of which is highly valued in Canada. In particular,  the Deputy Minister drew attention to the fact that alcoholic  beverages are imported centrally into the Canadian market.  "There is  a state organization that deals with imports, after which the private  sector already operates retail," he said.

In general, according to the minister, Armenian wines, despite small  volumes of production, should occupy niches in the markets of  European countries with high incomes. In this regard, he recalled  that by the end of 2021 the period of validity of the GSP + regime  will end for Armenia, which allows exporting a number of goods at  zero customs duty to the markets of the EU countries. <We do not have  any preferential terms or agreements, as, for example, our neighbors  Georgians. However, I believe that we all need to first of all work  to increase the recognition of Armenian wines, which is more  important than customs duties>, Avanesyan emphasized.

To recall, according to the RA Statistical Committee, the volume of  wine produced in Armenia in 2019 accelerated the growth rate from  0.3% to 31.6%, amounting to 12.6 million liters. According to the RA  Customs Service, in 2019, Armenia exported over 2.7 million liters of  wine, with an annual growth of 11.4%, with an increase in customs  value by 25.1% to $ 11.8 million.

At the same time, the volume of Armenian wine supplied to the  Canadian market is only 10.2 thousand liters, which is 44% more than  the annual indicator, the customs value increased by 39% to $ 77.6  thousand. 

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