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Armenia fails to comply with international requirements

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  • Armenia fails to comply with international requirements

    ARMENIA FAILS TO COMPLY WITH INTERNATIONAL REQUIREMENTS

    Lragir, Armenia
    Nov 3 2006

    Armenia does not fully comply with the international requirements to
    reach the European market. The news agency ARKA reports that this was
    stated by the chief executive officer of the World Bank Yerevan
    Office on November 3 in Yerevan. He says most legal and institutional
    standards are based on the Soviet standards.

    The representative of the World Bank emphasized that the agricultural
    security of Armenia is greatly hindered by the transition from the
    plan to market economy, which is not over yet. The representative of
    the World Bank noticed that over the past decade Armenia has carried
    out considerable reforms, which enabled it to become an exporting
    country, however, the export markets are mainly the CIS countries.
    The representative of the World Bank said most products do not comply
    with the requirements of the EU and U.S. markets.
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