Home / Knowledge / News / Textiles / Armenia, Argentina discuss setting up joint textile firm
Armenia, Argentina discuss setting up joint textile firm
17
Oct '13
Mrs. Paglieri (L) & Mr. Harutyunyan (C)
Mrs. Paglieri (L) & Mr. Harutyunyan (C)
Armenia, a mountainous country in the South Caucasus region of Eurasia, and Latin American country of Argentina have discussed setting up of a joint textile company in near future, ARKA News Agency reported.
 
Speaking to reporters, after the first Armenian-Argentinean Business Forum, organized by Armenian Development Agency (ADA) jointly with the Embassy of Argentina in Armenia, ADA director Robert Harutyunyan said both countries may jointly establish a textile company in the near future.
 
The Argentine delegation at the Business Forum comprised of representatives of 25 companies, including some textile firms, and was headed by Foreign Trade Secretary Mrs. Beatriz Paglieri.
 
The Business Forum was aimed at promotion of trade and economic relations between two countries and at providing an opportunity for Armenian businessmen to present their business proposals.
 
Mr. Harutyunyan said Armenian textiles are already exported to Argentina, but in very small quantities.
 
He added that the main objective of ADA is to explore new ways to export Armenian products to the Argentine market.
 
In 2012, Armenia’s total exports to Argentina were valued at US$ 7.5 million.
 
Argentina is one of the largest foreign investors in Armenia, and in invested US$ 76 million in the first half of this year, according to the National Statistical Service of Armenia.
 
Textiles sector was one of the 11 sectors identified by the Armenian Government in December 2011, as a part of its export-oriented industrial policy. Subsequently, in 2012, Italian lingerie brand La Perla invested in Armenia.
 
From January to July 2013, Armenia produced 1,409 million pairs of knitted garments and hosiery, showing a rise of 37.7 percent year-on-year.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X