Eight Armenian companies have come together to launch a line of jeans clothing called 5900 BC. The name derives from the fact that Armenian history predates the birth of Christ by 5900 years.
On January 2, 2015 Armenia became a member of the Eurasian Customs Union (EACU) within the Russian established Eurasian Economic Union (EEU). From that moment on, Armenia has started the distribution of its textile products to the markets of the EEU member states. Some 94 businesses are operating in the textile and garment industry of Armenia. The country exported 50 million dollars and imported 170 million dollars of textile and garment products in 2014.
Armenian companies specialize clothing, knitting and textile processing co-operate with European and American partners, while their main export markets remain the CIS states. They have substantial experience in cut, make and trim and full package contracting. Textiles are one of the oldest branches of Armenian economy, and accounted for over one quarter of the total workforce during the Soviet era.
Meanwhile Vietnam is seeking partners in Armenia to develop production projects. Armenia has expressed its desire to cooperate with major firms with much experience in production management so as to revive the local garment industry and boost export.