Monday, January 8 2024 17:43
Alina Hovhannisyan

Minister of Economy: It is necessary to diversify export  destinations, rather than trying to find ways in one direction

Minister of Economy: It is necessary to diversify export  destinations, rather than trying to find ways in one direction

ArmInfo. In 2 months, the Ministry of Economy of Armenia will present a new export strategy,  the main goal of which is the export of high-standard products that are in demand in numerous countries. Armenian Minister of Economy Vahan Kerobyan stated during a press conference on Monday.

"Our efforts will be directed mainly in this direction. We want to  move from efforts focused on only one market to deep  diversification," said the head of the department. Speaking about the  prospects associated with the ferry service, he noted that recent  developments have shown that efforts should be intensified in the  direction of other markets.

As the main markets, Kerobyan pointed out the countries of the Middle  East, considering the recently concluded new free trade agreement  with Iran, as well as the countries of the Persian Gulf. At the same  time, he added that efforts will be evenly distributed in the  direction of the European and Asian American markets.

In addition, according to the minister, a new program to stimulate  exports will soon be presented. The latter is aimed at helping  companies trying to enter new markets. Without disclosing details,  Kerobyan said that within the framework of the new program,  compensation for logistics costs is planned. "We hope this program  will be adopted soon," he emphasized.

Traditionally, Armenia's main trade partner is Russia, with which,  according to the latest statistical data, trade turnover is 35.2% of  the total. It is followed by China with 12.6%, Iran (5.2%), UAE  (4.2%) and Germany (3.6%).