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President: Armenia Should Manage To Protect Domestic Business

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  • President: Armenia Should Manage To Protect Domestic Business

    PRESIDENT: ARMENIA SHOULD MANAGE TO PROTECT DOMESTIC BUSINESS

    ARKA
    Feb 13, 2009

    YEREVAN, February 13. /ARKA/. Armenia should find all possible ways
    to protect domestic business, Armenian President Serzh Sargsyan said
    at the congress of Prospering Armenia party.

    The global crisis makes the countries revise the accepted economic
    concepts and agree to changes that were considered inadmissible before,
    Sargsyan said.

    Yet, developed countries have failed to create a respective cooperation
    mechanism so far to reduce the threat, whenever it appears, through
    joint efforts, Armenian President said adding that a correct solution
    so far.

    "Such a situation has made Armenian Government take non-standard
    solutions too - direct state interference to protect local producers
    and promote exports, setting incentives to use organizational skills
    and international market experience of Armenian importers for promotion
    of exports," Sargsyan said.

    Changes that are being made in Armenian tax and customs legislation
    are to revive Armenian economy, the President said.

    He said he always considered frequent changes in economic legislation
    harmful for economic processes and their planning.

    "Yet, we need to solve serious problems today, we should protect
    domestic business, we should protect ourselves and we should manage
    to find all possible means of protecting the domestic business,"
    Sargsyan said.

    In this respect, Armenian Government is on a right=2 0path, he
    said.
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