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Armenian textile and apparel grew by 35%-43%

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Annual exports of Armenian textile and apparel, including leather and shoe products grew by 35%-43%. Annual exports of Armenian textile and apparel products grew by 35%-43%

To stimulate investments, the Armenian government has implemented numerous assistance programs, encouraging European, Iranian and Asian investors. Armenia’s membership to EAEU, provides investors opportunities to establish textile manufacturing factories for export to EAEU member countries with 0% custom duties.

In addition to mass consumption products Armenian textile companies are known to subcontract for world-known brands.

Business Armenia has published a marketing package presenting investment opportunities, production potential, and key indicators for Armenian textile industry.

The package also includes a video presentation of investment incentives for the Armenian textile sector.

According to the information provided by Business Armenia research team, the annual exports of Armenian textile and apparel, leather and shoes products grew by 35%-43% over the past two years, with more than 40% exported to EU countries.

Source: YNFX


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