8th INTERNATIONAL EXHIBITION "ARMPRODEXPO" OPENS IN YEREVAN

Noyan Tapan

Nov 11, 2008

YEREVAN, NOVEMBER 11, NOYAN TAPAN. The 8th international exhibition
"Armprodexpo" opened in Yerevan on November 11. It displays production
of more than 60 local and foreign companies: soft and alcoholic
drinks, confectionery, dairy produce, meat products, canned goods,
dried fruit, etc.

The opening ceremony was conducted by the RA prime minister Tigran
Sargsian.

Among the exhibition’s organizers are the RA ministry of foreign
affairs, the RA ministry of agriculture, the Chamber of Commerce and
Industry, and the Agrobusiness Development Center.

During a talk with reporters T. Sargsian noted that the quality of
agricultural products of domestic companies is not inferior to that
of foreign companies. According to the prime minister, the producers
assured him that this year their production grew by 15-20%, while next
year some companies even plan to increase their production by 60-80%.

The prime minister pointed out that the small and medium enterprises
participating in the exhibition have problems with the export of
their products so they need state assistance. "We should form such a
contractial field with developed countries that will make our domestic
goods recognizable abroad," T. Sargsian stated.

In his words, the amount of agricultural credits provided by
ACBA-Credit Agricole Bank has grown in recent years. He said that
in the past month the bank obtained new funds of nearly 100 million
dollars for agricultural crediting. "If the amount of credits in
the agricultural sector increases, it means that we will record an
agricultural growth next year," T. Sargsyan said.

The minister of agriculture Aramais Sahakian stated that the purpose
of the exhibition is to assist and encourage domestic producers and
to provide them with the opportunity to sign mutually beneficial
agreements with foreign organizations.
From: Baghdasarian