With the support of Business Armenia, Elmasta factory, a handbags producing company in Russia, and Armenian companies will cooperate in producing leather bags in Armenia.

Business Armenia noted that outsourced models of the companies, produced with “Made in Armenia” modelling, will be exported to the European Union, Asian countries, and Russia.

The first batch to Russia is planned to be exported in late February.

“At this stage, we introduce a foreign businessman to Armenia/EAEU raw material import, commodity export regimes, EU GSP+, REX and other privileged procedures. In addition, we have organized B2B meetings with local manufacturers, after which export agreements have been reached,” noted Anahit Mkrtchyan, Exporters Support Manager at Business Armenia.

The specialists of Elmasta have been invited to visit the Armenian pavilion of “MosShoes 2019” international exhibition to be held in Moscow in March. With the support of Business Armenia, it will be possible to get acquainted with the products of more companies and to get new arrangements.

The owner of Elmasta leather accessories factory, Vladimir Ulianov, and vice-president of Alliance Russian-Georgian-Armenian Business Relations Foundation, Inga Drinevskaya, with the support of Business Armenia’s specialists, had meetings with experts from companies representing Armenian Artis, Amore and Safian brands, which produce leather goods and bags.

A decision to establish a company in Armenia and engage in export of Armenian goods was made.