Time in Yerevan: 11:07:36,   27 May

Armenian Agriculture Minister considers role of the agriculture in GDP formation and export volumes essential

YEREVAN, AUGUST 24, ARMENPRESS: Armenias agricultural sector has recorded significant progress in 2012 first half. As Minister of Agriculture of the Republic of Armenia Sergo Karapetyan told the reporters on August 24, agriculture has an essential role in provision of employment of the country, over 500 thousand people or 44.7  % of the country is engaged in the sphere. "In rural places the poverty level is largely conditioned by economic growth in the agricultural sector, as the overwhelming majority of peasants income derives from agricultural output and hired work. The increase of soil resource purposeful utilization is also important: sowing area increase has been registered  by current year June 1 info”Karapetyan stated, Armenpress reports.

In the words of high ranking official according to 2012 January-July agricultural GPD amounted 290.5 million AMD, which if compared with the same period of the previous year exceeds by 10.2 %.Plant growing ensured the main growth of the agriculture, which made 20% . "Cattle breeding increase also had an important impact, where GPD volumes have exceeded by more than 2 %"Minister noted. Karapetyan underscored agriculture sphere had a significant role in GPD formation due to the junctions of economic entities and several state launched assistance programs. In accordance with 2011 data agriculture sphere share amounted 20.2%.

"Agriculture sphere succeeds in exporting as well. According to 2012 January-June data export overall values in comparison with that of the previous year have grew by 13.5 %, yet the export of agriculture products increased by 55.7 % " Minister came up with.The share of agricultural products in export products in 2012 first half made 19.1% in comparison with previous year 13.9%.

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