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RPA Deputy Does Not Agree With Head Of WB Yerevan Office

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  • RPA Deputy Does Not Agree With Head Of WB Yerevan Office

    RPA DEPUTY DOES NOT AGREE WITH HEAD OF WB YEREVAN OFFICE

    ArmInfo
    2009-02-26 18:11:00

    ArmInfo. The policy carried out by the World Trade Organization in
    the South Caucasus is preventing competition between local producers
    and importers, the member of the parliamentary group of the republican
    party of Armenia Gagik Melikyan said in an interview to ArmInfo while
    commenting on the statement bythe head of the World Bank Yerevan
    Office Aristomene Varoudakis that the Armenian authorities should
    stop their policy of ptotectionism.

    "I don't agree with Mr.Varoudakis, who says that raise in customs
    duties on imported products would have a negative effect on socially
    disadvantaged people. His urge to give up the policy of protectionism
    is aimed at boosting the import of products of developed countries (the
    shareholders of the World Bank) to less developed states," Melikyan
    said. He does not agree with the opinion that state guarantees and
    loans do not help local business to solve its problems. "I am sure
    that the $10mln loan given to Zangezur Copper-Molybdenum Combine
    will help it to develop its production and to preserve its personnel
    despite the global crisis," Melikyan said.
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