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UITE: Armenia To Consider Opportunities Of Exporting High-Tech Produ

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  • UITE: Armenia To Consider Opportunities Of Exporting High-Tech Produ

    UITE: ARMENIA TO CONSIDER OPPORTUNITIES OF EXPORTING HIGH-TECH PRODUCTS TO EURASIAN ECONOMIC UNION COUNTRIES

    YEREVAN, April 2. /ARKA/. Armenia will consider opportunities of
    exporting high-tech products to other members of the Eurasian Economic
    Union, Karen Vardanyan, executive director of the Union of Information
    Technology Enterprises, said on Thursday.

    He was quoted by Novosti-Armenia as saying that after Armenia joined
    the Eurasian Economic Union things in the country's IT sector showed
    no signs of significant changes, since the country exported only
    software and faced no customs difficulties.

    Vardanyan said that Armenia's accession to the union that removes
    customs barriers will allow Armenian IT companies to shift their
    focuses to high-tech and engineering products.

    "Now we are trying to solve all these problems and to speed up
    procedures to see opportunities for exporting high-tech products to
    the Eurasian Economic Union countries," he said.

    It is very important in exporting high-tech products to settle all
    customs formalities quickly, he added.

    Armenia had more than 380 IT companies in early January 2014. Of
    them, 159 operate with foreign capital or represent large foreign
    companies here.

    The country's IT sector accounts for 20-25% growth every year. The
    sector's share in GDP is 3.8%. In accordance with the IT development
    strategy, this industry's turnover is planned to be increased to $1
    billion by 2018. ----0-----

    http://telecom.arka.am/en/news/telecom/uite_armenia_to_consider_opportunities_of_exportin g_high_tech_products_to_eurasian_economic_union_co/

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