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Tigran Sargsyan: The Industrial Strategy Will Boost Exports

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  • Tigran Sargsyan: The Industrial Strategy Will Boost Exports

    TIGRAN SARGSYAN: THE INDUSTRIAL STRATEGY WILL BOOST EXPORTS

    armradio.am
    14.11.2011 14:14

    The recurrent sitting of the Board of Trustees of the Armenian National
    Competitiveness Foundation held a sitting in Sevan chaired by Prime
    Minister Tigran Sargsyan.

    The Prime Minister presented the details of Armenia's industrial
    strategy worked out in cooperation with the World Bank. According to
    Tigran Sargsyan, it represents an industrial policy targeted at the
    increase of the volume of exports.

    The strategy involves 11 branches of industry. "We have tried to
    explore the industrial potential of our country and assess our
    intellectual and infrastructure resources," the Prime Minister said.

    He noted that programs in the field of three main fields - cognac
    production, pharmaceutics, and instrument engineering - have already
    been discussed with representatives of the private sector. According
    to the Prime Minister, the strategic programs of the above-mentioned
    spheres envisage a rapid growth of exports. In particular, the export
    of cognac is expected to grow thrice by 2020.

    "We aim to develop the industrial power of our country and boost
    exports under the cooperation between the state and the private
    sector. This is a serious step, since for the first time in history
    our country will have an industrial strategy with clearly determined
    priority directions," Tigran Sargsyan noted.

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