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Armenia tackles industry problems

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  • Armenia tackles industry problems

    Armenia tackles industry problems

    According to Economy Minister Tigran Davtyan, his ministry has
    developed a `strategic expert-oriented policy'.

    Deriving lessons from the crisis, when the engine of Armenia's
    economic growth - the construction industry - suffered worst losses,
    the Armenian government remembered that Armenia `was and will be an
    industrial country.'

    August 27, 2011

    PanARMENIAN.Net - According to Economy Minister Tigran Davtyan, his
    ministry has developed a `strategic expert-oriented policy'.

    As to statistical data, 10.2% growth was registered in January-July
    2011 while construction industry saw 32.2% slump. It's worth noting
    that the growth in agriculture reached 32.4%, after last year's
    misfortunes.

    Nevertheless, Minister Davtyan is glad that the industry registers
    progress as compared to average economic indices. `Export volumes
    increased by 25-30%. This means that the tendency of growth persists
    and the program elaborated by the government will contribute to this
    development,' he said.

    However, the authorities have failed to defend the local production
    from illegal imports so far.

    As Almast plant director Vahram Tepelikyan said, the cost of the
    Chinese output illegally imported in Armenia is much lower, as it is
    imported illegally, bypassing the customs control. `We have requested
    the government to address the problem,' he said.

    So, a question arouses: how are the products imported without customs
    duties and without knowledge of relevant state bodies?

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