Armenian Minister of Economy Nerses Yeritsyan believes tolling would facilitate the recovery of Armenia’s light industry. At discussions of the 2011 draft budget the Minister said the Armenian textile industry has great export potential, being third after jewelry industry and agriculture.
The RA Government plans to submit a bill exempting the equipment imported for the country’s light industry from the value-added tax. Yeritsyan said that some of the EU member-states seek to “move to the right along the map,” which is an opportunity for exploiting new capacities. It is possible by means of tolling, which will enable the country’s light industry to recover within a few years and export clothing. A new Armenian brand can be created later.

















