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Armenia is one of the youngest GET project countries. The German Economic Team has been active in Armenia since 2019.

The Armenian economy is based mainly on the extraction of raw materials and the production of agricultural goods, especially fruit, vegetables and tobacco.

The country’s rather small industrial sector faces numerous challenges. These include the integration of the country into the world market, as well as the competitiveness of the industry.

The German Economic Team advises the Armenian government mainly in the areas of private sector development, foreign trade and governance.