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ARMENIA HAS COMPARATIVE ADVANTAGES IN LIGHT INDUSTRY SPHERE
ARMENPRESS
JUNE 20, 2011
YEREVAN
Now Armenia endeavors to increase its role in the international arena
in the sphere of light industry and tends to restore the production
volume it had in the Soviet Union, Minister of Economy Tigran Davtyan
said today at a news conference.
He said the enterprises operating in the sphere started to increase
their production volume and a number of new enterprises opened. "We
should do our best to seek such parts in the world market where we
can be competitive. Here the state plays a great role, as first of
all the Government should ensure nearly ideal conditions for local
manufacturers," Tigran Davtyan said. He added that the works in
this direction are under way. Steps are being undertaken for the
improvement of the business environment, exportation procedure,
facilitation of the investment sphere, provision of tax privileges.
The minister says Armenia has comparative advantages in the sphere of
light industry. "We have some good trade regimes. The main markets
of realization are Europe, CIS and USA. Many countries, which are
our rivals in the international arena, do not have favorable trade
regimes. This is another opportunity to involve foreign companies in
the Armenian economy," Tigran Davtyan said.
From: A. Papazian
ARMENPRESS
JUNE 20, 2011
YEREVAN
Now Armenia endeavors to increase its role in the international arena
in the sphere of light industry and tends to restore the production
volume it had in the Soviet Union, Minister of Economy Tigran Davtyan
said today at a news conference.
He said the enterprises operating in the sphere started to increase
their production volume and a number of new enterprises opened. "We
should do our best to seek such parts in the world market where we
can be competitive. Here the state plays a great role, as first of
all the Government should ensure nearly ideal conditions for local
manufacturers," Tigran Davtyan said. He added that the works in
this direction are under way. Steps are being undertaken for the
improvement of the business environment, exportation procedure,
facilitation of the investment sphere, provision of tax privileges.
The minister says Armenia has comparative advantages in the sphere of
light industry. "We have some good trade regimes. The main markets
of realization are Europe, CIS and USA. Many countries, which are
our rivals in the international arena, do not have favorable trade
regimes. This is another opportunity to involve foreign companies in
the Armenian economy," Tigran Davtyan said.
From: A. Papazian