YEREVAN (Arka)—A trade exhibition will open in Armenia from April 26 to 28, titled “Made in Armenia,” that will showcase products and services made in Armenia, executive director of the Armenian Development Fund Arman Khachatryan announced on Thursday.
“Almost all the companies producing goods or providing services in Armenia will take part in the exhibition, and 1,500 foreign delegations are expected to visit it,” he said.
The exhibition will allow companies to present their goods and services to potential buyers and investors.
Khachatryan also announced that a textile and fashion program being designed by Armenian experts in concert with UNIDO is expected to boost Armenian textile exports by $3 million in the next one to three years.
According to Armenia’s National Statistical Service, in 2014 some 7.3 billion drams (approx. $34.5 million) worth of clothes were produced in Armenia, 16.1 percent more than in 2013.
Khachatryan said in the first stage of the program, nine Armenian garment companies united under one common brand to create a lineup of products and promote sales and exports.
Khachatryan also said the Armenia Development Fund had ensured the participation of Armenian companies in Photonics West 2014, a specialized exhibition of laser and optical technologies, held February 4 to 7 in San Francisco. According to him, as a result, Armenian companies are expected to sign 5 to 6 new contracts this year and boost related exports by 25 percent.
He said the Fund helped 22 Armenian companies to showcase their products at Prodexpo, the largest food exhibition in Russia, where they won six gold and two silver medals.
The Fund also helped five Armenian wine companies to present their wines at a wine fair in Germany, where they reached arrangements to sign ten contracts, which will raise wine exports by 5 to 7 percent.
The Fund also organized two visits to Armenia by Canadian and Lithuanian business people and is working now to organize an Armenia-Morocco business forum.
The Armenia Development Fund was established by the government in 2014 by merging the Industry Development Fund with the National Competitiveness Fund and the National Tourism Agency.