YEREVAN, NOVEMBER 3, NOYAN TAPAN. A working meeting on reforms in the sector of articles made of precious metals took place at the RA ministry of finance on November 3. During the meeting, the Armenian-European Policy and Legal Advice Centre (AEPLAC) presented an analysis of the EU's and its member states' legislative and institutional systems on the regulation of the indicated sector, while the RA ministry of finance made proposals on the respective reforms to be launched in Armenia. The purpose of these reforms is to improve state regulation of the market of articles of precious metals and promote exports of articles of precious metals from Armenia to European countries. Within the frameowrk of the reforms, it is envisaged bringing Armenia's legislative field into line with the legislation of EU member states and ensuring Armenia's joining the European Convention on the Control and Marking of Articles of Precious Metals. Armenia's joining the Convention will allow local producers to freely enter the EU's jewelry market which is currently the second largest in the world, to achieve better protection of consumer rights and increase exports. Representatives of the RA ministry of finance, Competitive Armenian Private Sector (CAPS) Project, and AEPLAC, as well as economic entities representing the sector took part in the meeting.

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