Armenia’s Minister of Economy Gevorg Papoyan, during a meeting with companies exporting to the United States and the European Union, emphasized the importance of diversifying the country’s economy.

In a Facebook post, he highlighted the government’s readiness to support businesses in promoting Armenian products in new and broader markets, particularly in the U.S., EU, Canada, and other directions.

Participants outlined key challenges they face in their operations, to which relevant clarifications and instructions were provided.

The discussion comes amid ongoing concerns over exports to traditional markets, including reports that the Proshyan Brandy Factory could lose its export license to Russia following regulatory violations identified by Russian authorities.