ArmInfo. On December 17, RA Minister of Economy Gevorg Papoyan received the newly appointed Ambassador Extraordinary and Plenipotentiary of the Swiss Confederation to the Republic of Armenia, Andrea Barbara Baumann.

ArmInfo. We are moving forward with the current agenda, which is focused on diversifying the economy. This was stated by Armenian Economy Minister Gevorg Papoyan during a meeting of the Standing Parliamentary Committee, in response to a question from a parliamentarian about Armenia's potential withdrawal from the EAEU and joining the EU.  Papoyan reiterated that the government's agenda does not involve leaving the Eurasian Economic Union.  He also clarified that the document being discussed (the bill on the EU accession process) doesn't signify actual membership in the EU.  He said that in the coming days he will visit the Russian Federation, where he will hold meetings with two colleagues to discuss the possibility of expanding bilateral trade and economic cooperation, and then go to the UAE, Japan, etc.

ArmInfo. The of Great Britain and Northern Ireland. Such benefits will be in effect until the end of 2026. According to Economy Minister Gevorg Papoyan, the program will show an annual growth of 15-20%.

ArmInfo. The state will support exporters in the Armenian processing industry to access the markets of  EU countries and the United Kingdom, as stated by   Minister of Economy Gevorg Papoyan in an interview with Public  Television.

ArmInfo.Over 34 years, we have failed to formulate a simple sentence - what is the vision for the  development of our country, is there such a vision? Economist, founder of the Alternative Research Center, professor Tatul Manaseryan expressed a similar opinion during a press conference on June 25.

ArmInfo.The situation at the Upper Lars checkpoint is a show of muscle on Moscow's part, which  could be very costly for the Armenian manufacturer on the eve of the New Year holidays. At the same time, the economic authorities of Armenia themselves are insincere in communicating with the local producer, Gagik Makaryan, Chairman of the Republican Union of Employers of Armenia (RUEA), told ArmInfo. 

ArmInfo. The Ministry of Economy of Armenia discussed with business representatives and the expert community the possibilities of promoting exports from Armenia to Switzerland through the Swiss GSP system and the Registered Exporters System (REX). The event was organized by the Ministry of Economy, the Embassy of the Kingdom of Switzerland in Armenia with the support of the European Business Association.

ArmInfo.Armenian Minister of Economy Vahan Kerobyan received a delegation led by U.S. Assistant Secretary of Commerce for Global Markets Arun Venkataraman.

ArmInfo.Armenian Minister of Economy Vahan Kerobyan received Jason Buntin,  Director for Europe and Middle East Affairs at the Office of the United States Trade  Representative (USTR), and Laura Buffo, Deputy Assistant US Trade  Representative for Generalized System of Preferences (GSP).

ArmInfo.Armenia's economic development over the last years has been such that the country progressed from lower to upper middle-income level, as classified by  the World Bank.

ArmInfo.Armenia's textile exports exceeded $200mln, Armenia's Deputy Minister of Economy Rafael Gevorgyan said in an interview with the Public TV of Armenia.

ArmInfo. Given the exit of a number of large Western companies from the Russian market, great opportunities are opening up for Armenian textiles. Rafael Gevorgyan,  Deputy Economy Minister of Armenia, expressed a similar opinion in an  interview with CivilNet.  "There was an opportunity to expand  production, to enter such trade networks in Russia, access to which  previously seemed impossible. There is already a reaction from our  manufacturers who are considering this and are negotiating,"  Gevorgyan said.

ArmInfo.At the moment, the termination of the GSP+ trade preference regime has not led to significant consequences for the textile industry in Armenia.   Representatives of the textile enterprises of the Lori region  , and made a similar statement at the  meeting with Deputy Minister of Economy of Armenia Rafael Gevorgyan,.

ArmInfo.The Ministry of Economy announced the launch of a program to assist the textile industry in Armenia. According to the press service of the Ministry,  the program is being implemented in Armenia with the financing of the  "Good Governance Fund" of the United Kingdom government, with the  support of the European Bank for Reconstruction and Development  (EBRD), in cooperation with the Business Assistance Office. The  program is aimed at the sustainable, inclusive development of the  textile industry in Armenia.

ArmInfo.From January 1, 2022, Armenia will cease to be a beneficiary of the EU's GSP + system of trade preferences. In this regard, various opinions were voiced  about what consequences await Armenian producers with the termination  of the GSP + regime.

ArmInfo.The EU GSP+ will not be available to Armenian exporters from January 1, 2022. EU's GSP removes import duties from products coming into the EU market from  vulnerable developing countries. This helps developing countries to  alleviate poverty and create jobs based on international values and  principles, including labour and human rights.

ArmInfo. The third meeting of the Armenia-EU Partnership Committee in Trade Configuration  took place online today.

ArmInfo.The Armenian-American economic relations will intensify in the near  future. Minister of Economy Vahan Kerobyan expressed this confidence  during the meeting with  US Ambassador to Armenia Lynne Tracy.

ArmInfo. Armenia and the United States discussed a wide range of issues of mutual interest during the 3rd meeting of the joint Council on Trade and Investment.   This was reported by the press service of the RA Ministry of Economy.

ArmInfo. Starting from 2021, the EU's Generalised scheme of preferences (GSP+) for duty-free delivery of more than 6 thousand commodity items will be terminated  for Armenian exporters, since Armenia is now in a group of  middle-income countries. In this connection, the Deputy Minister of  Economy of the Republic of Armenia Avag Avanesyan, on April 10 during  the meeting of the RA NA Standing Committee on Regional and Eurasian  Integration, noted that the termination of the regime will primarily  affect the textile industry of the Republic of Armenia.