Export is Armenia’s economy’s development prospect: PM

The key issue of the Armenian government is to change the structure of the GDP in a way to make technology and technologic innovations the country’s economic locomotive, Armenia’s Prime Minister Nikol Pashinyan said today, presenting the government’s draft program to the NA.

The PM stressed that he is speaking of information, production, educational, agricultural, tourism, environmental, security and defense technologies.

“In short, human mind, intellect must become the motor of the new Armenia. Our issue must be to make people do less physical work but more mental,” Pashinyan stressed.

The PM stressed that the development of export is another priority for the government.

“Of course the domestic market may and must be fulcrum for all the branches of our economy, and I again call on all our compatriots to give preference in all sectors to local products, services. Nevertheless, the prospect for development of our economy is export and we have unlimited opportunities here,” Pashinyan said, mentioning membership to the EAEU and free trade agreements with a number of countries as good opportunities.

The head of the government stressed the need of making the local products correspond to international criteria for ensuring their export. Among other export issues, the PM stressed existence of necessary volume of products and market issues.

“Our government will do everything to support business. Our biggest issue in the export sector is becoming from raw exporting country a country exporting ready products,” he said, adding that the export of high technology products is government’s key ambition.