YEREVAN, April 18 (Noyan Tapan). According to operative data, the rise in light industry production amounted to 16% in the first quarter of 2003 as compared to the same period of last year, which failed to come up to experts’ estimations. Deputy Minister of Trade and Economic Development Ashot Shahnazarian explained such an outcome by the epidemics of flu and pneumonia raging in South-East Asia. Knitted wear was mainly manufactured from Chinese raw materials which were purchased by the American company-customer, was imported to Armenia, while the products manufactured from the raw material was later sold on the American market, A. Shahnazarian said. Meanwhile, today American companies stopped acquiring Chinese raw material due to the outbreak of the deseases.
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