Sectorial Brochure Pharmaceutical Sector of Armenia/ BA - Page 2

PHARMACEUTICAL INDUSTRY IN ARMENIA KEY FACTS Production grew 1.8 times in 2017 compared with 2013 Access to a consumer market with 1.5 billion people with 0% or reduced customs duties 1 Main products: Vaccines, Generics, Herbal medicines Export-oriented: Domestic exports annually grew 28.2% on average between 2013 and 2017 Implementation of the GMP, an internationally recognized quality standard