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ARMENIA TO ESTABLISH TWO FREE TRADE ECONOMIC ZONES IN ONE-TWO YEARS
/ARKA/
JUNE 24, 2011
YEREVAN
YEREVAN. June 24. /ARKA/. Armenia will establish two free trade
economic zones in Armenia during one-two years 0- near the Yerevan
airport "Zvartnots' and on the base of the plant "Mars", said Armenian
Minister of Economy Tigran Davtyan.
"If these programs turned successful, I hope that we will cover border
areas where it is necessary to implement promotion measures. We should
be careful for not damaging the established tax and customs field in
the country as it is a new approach and instrument", he said in the
press-conference on Friday.
Speaking about the zone near "Zvartnots" airport, Davtyan said that
some elements of agricultural zone have already started the work,
particularly cargo terminal and cooling room.
In November 2008, Government of Armenia approved the concept of
establishment of free economic zone near "Zvartnots" airport. Free
trade zone is a type of special economic zone - customs territory
on which customs duties and other measures of trade limitation are
cancelled one-sidedly or in accordance with international agreement.
"The second zone is established near the plant "Mars". We are already
finishing the negotiations on the establishment of free zone and
making investments with the company "Sytronix". We are in the final
phase of negotiations and possibly we can inform many good news in
autumn", said Davtyan.
Sytronix is a high technology concern within the company "Systema"
which has registered the company Sytronix Armenia cjsc. in September
2009 in Armenia.
The main tasks of the company are centralized management of assets
transferred by "Rosimushchestvo" under the management of Sytronix in
2008, including the plant RAO Mars cjsc, Yerevan scientific-research
institute of automated management systems cjsc (YERNIISU), Yerevan
scientific-research institute of mathematical machines (YERNIIM),
NPPM cjsc and the management of free economic zones established on
the territories of this institutions.
/ARKA/
JUNE 24, 2011
YEREVAN
YEREVAN. June 24. /ARKA/. Armenia will establish two free trade
economic zones in Armenia during one-two years 0- near the Yerevan
airport "Zvartnots' and on the base of the plant "Mars", said Armenian
Minister of Economy Tigran Davtyan.
"If these programs turned successful, I hope that we will cover border
areas where it is necessary to implement promotion measures. We should
be careful for not damaging the established tax and customs field in
the country as it is a new approach and instrument", he said in the
press-conference on Friday.
Speaking about the zone near "Zvartnots" airport, Davtyan said that
some elements of agricultural zone have already started the work,
particularly cargo terminal and cooling room.
In November 2008, Government of Armenia approved the concept of
establishment of free economic zone near "Zvartnots" airport. Free
trade zone is a type of special economic zone - customs territory
on which customs duties and other measures of trade limitation are
cancelled one-sidedly or in accordance with international agreement.
"The second zone is established near the plant "Mars". We are already
finishing the negotiations on the establishment of free zone and
making investments with the company "Sytronix". We are in the final
phase of negotiations and possibly we can inform many good news in
autumn", said Davtyan.
Sytronix is a high technology concern within the company "Systema"
which has registered the company Sytronix Armenia cjsc. in September
2009 in Armenia.
The main tasks of the company are centralized management of assets
transferred by "Rosimushchestvo" under the management of Sytronix in
2008, including the plant RAO Mars cjsc, Yerevan scientific-research
institute of automated management systems cjsc (YERNIISU), Yerevan
scientific-research institute of mathematical machines (YERNIIM),
NPPM cjsc and the management of free economic zones established on
the territories of this institutions.