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Ratio Of Volumes Of Import And Export In Armenia Is 1/2

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  • Ratio Of Volumes Of Import And Export In Armenia Is 1/2

    RATIO OF VOLUMES OF IMPORT AND EXPORT IN ARMENIA IS 1/2

    Panorama.am
    15:26 28/03/06

    "The volume of import is a serious problem in Armenia as it
    considerably exceeds the volume of export," announced the Deputy of
    the RA Minister of Trade and Economic Development Tigran Davtyan at
    the international banking conference dedicated to the questions of
    financing international trade organized in Yerevan today. Yet, as he
    said, if the ratio of these two indexes was 1/3 at the early 90s,
    at the present it is 1/2. It means that the volume of production
    imported to Armenia 2 times exceeds the volume of that exported.

    As T. Davtyan said the trade-economic regime formed in the course of
    the last 10 years is estimated by international organization as one
    of the most liberal ones. "From the point of view of trade-economic
    regime Armenia is in the first group of countries," the Deputy of the
    Minister noticed. After the admission of Armenia into the WTO (World
    Trade Organization) there came forwards legislative guarantees for the
    activity of the importers and exporters, a preventive trade-economic
    system has been formed, besides the level of preventiveness has
    rapidly increased. T. Davtyan mentioned that in the last several
    years Armenia succeeded in diversificating the economy and keeping
    that tendency.
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