Market Analysis
The market of floral industry is one of the fastest growing in the country . Most of the existing greenhouses in Armenia are equipped by the latest technologies .
In order to develop one of the most important key sectors of economy in Armenia the greenhouse industry has been growing for the last years and more than 300 hectares of greenhouse area have been added .
The promotion for new investments in different fields of economy is the main target of the Government policy of RA and corresponding measures are implemented .
In 2011 , according to unofficial data , the net import of fresh cut flowers was 3,5 million USD whereas in 2016 net export reached 4 million USD .
2012-2016 the total annual growth in dollar equivalent was 258 % meanwhile it was registered imports decline by almost 3 times . Though the indicator has sharply changed in 2017 as both DALSEM and RICHEL started working at full capacity .
In January 2015 the Republic of Armenia became a member of Eurasian Economic Union ( EEU ), which specifies unified customs territory providing free movement of goods within the countries of EEU . Armenia has signed free-trade agreements with Georgia and most of the CIS countries . Armenia currently enjoys GSP beneficiary status with Canada , Japan , Norway , Switzerland , and the United States . Since 2009 , the country has also been included in the list of countries granted GSP + by the European Union .
The Government highlights the balanced territorial development . The sector main advantages are : � an operating and developing business � tax advantages for primary agricultural producers � high quality production � comparably high return on investment within the sector etc .
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