Memorandums signed in Yerevan to develop watchmaking, jewelry and li

Memorandums signed in Yerevan to develop watchmaking, jewelry and
light industries

YEREVAN, February 6. /ARKA/. Armenian government signed a number of
memorandums with leading jewelry manufacturers, watchmaking and light
industry companies after the regular meeting of the country’s Industry
Council Wednesday.

The memorandums were signed by Armenia’s deputy minister of economy
Tigran Harutiunyan on the government side and representatives of the
Armenian Jewelers Association, Armenian Light Industry Employers Union
and manufacturing, educational and research organizations on the other
side. The documents were signed in the presence of Armenia’s premier
Tigran Sargsyan, the government press office reported.

The aim of the memorandums is to help support long-term development of
jewelry, diamond-cutting, watchmaking and light industries and make
their products competitive in the global markets. The documents also
envisage wider cooperation of government – private sectors as part of
development strategy for these sectors, according to the report.

On December 15 Armenia’s government approved a strategy of industrial
policies to form a developed export-oriented industrial system, to
support production of goods in line with international standards,
promotion onto the global markets and creation of new jobs in the
country. The priority fields under the strategy are jewelry
manufacturing, diamond-cutting, watchmaking and light industry. -0–

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From: A. Papazian