YEREVAN, February 23. /ARKA/. The Yerevan-based ACBA-CREDIT AGRICOLE BANK said today it will show assistance to Armenian producers of herbal tea to start exports of their products to Germany.
The bank said in a press release that Armenian companies Sari Tei (Mountain Tea) and Antaram, which showcased their products at an organic exhibition Biophax 2018 in the German city of Nuremberg, concluded an export agreement with the German company TeeGschwendner.

"We learned about the two Armenian companies through the Organic Agriculture program, conducted by the German Nature and Biodiversity Conservation Union (NABU) and ACBA-CREDIT AGRICOLE BANK. I think the project was a good opportunity to create prospects for both producers of organic tea in Armenia and us," said Lukasz Parobin, production director at TeeGschwendner.

According to him, the German company will not limit itself to buying tea from Armenian partners only, and counts on wider cooperation. In particular, Parobin noted that TeeGschwendner will familiarize the Armenian partners with the standards and features of the European market, as well as conduct a training course for the employees of these companies.

"Together we will identify all the problems of the production cycle and solve them. This is the first project conducted by TeeGschwendne in the region," he said, adding that the company found what it was looking for in Armenia.

TeeGschwendner has more than 130 specialized stores in seven countries on four continents.
Sari Tei and Antaram received free organic certification from ACBA-CREDIT AGRICOLE BANK and NABU as part of the Organic Agriculture program. The annual program has been implemented since 2015. So far 30 entrepreneurs have been awarded organic certification.

With the assistance of German specialists, the beneficiaries are retrained every year. The winners of the contest and manufacturers of BIO-products have already created 50 new jobs. Seventy more jobs are expected to be created in 2018.

The program for the development of organic agriculture is carried out for the clients of ACBA-CREDIT AGRICOLE BANK.

ACBA was established in 1996 as part of EU’s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK. -0-