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Armenia Is Producer and Exporter of Raw Materials
17:36 04/03/2013
Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/economy/view/29166
The strategy of an export-based industry was just a declaration, the
economist Ashot Yeghiazaryan says.
In answer to the question of Lragir.am what results should be expected
from the strategy adopted by the government in 2011, Ashot
Yeghiazaryan said, `It is commendable, indeed, when an export-oriented
industrial policy is implemented. Several countries have taken this
way. However, it has a disadvantage. There may be a wish, there is
understanding that these spheres must be developed but how? I do not
think that there is a toolkit. I do not think everything is fine with
the concept.'
Note that this strategy covers 11 branches: brandy, diamonds, jewelry,
watches, textile, pharmaceuticals and biotechnology, food processing,
wine, bottled mineral water, juice, precise engineering. The
government envisages developing these branches by 2020 to boost
exports considerably.
Ashot Yeghiazaryan notes that the government has chosen the branches
which were developed considerably over the past 20 years. However,
according to him, the government lacks resources for the
implementation of this strategy. `Declaring a principle is very good
but is it possible to implement it and what is being done for its
implementation? This is not visible,' he says. `Growth is reported in
industry but in which branch? Mining? We don't have another resource
of growth,' he says.
According to the economist, a lot of mines are exploited in Armenia,
which means that Armenia has a weak economy. Armenia is a producer and
exporter of raw materials, he says.
17:36 04/03/2013
Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/economy/view/29166
The strategy of an export-based industry was just a declaration, the
economist Ashot Yeghiazaryan says.
In answer to the question of Lragir.am what results should be expected
from the strategy adopted by the government in 2011, Ashot
Yeghiazaryan said, `It is commendable, indeed, when an export-oriented
industrial policy is implemented. Several countries have taken this
way. However, it has a disadvantage. There may be a wish, there is
understanding that these spheres must be developed but how? I do not
think that there is a toolkit. I do not think everything is fine with
the concept.'
Note that this strategy covers 11 branches: brandy, diamonds, jewelry,
watches, textile, pharmaceuticals and biotechnology, food processing,
wine, bottled mineral water, juice, precise engineering. The
government envisages developing these branches by 2020 to boost
exports considerably.
Ashot Yeghiazaryan notes that the government has chosen the branches
which were developed considerably over the past 20 years. However,
according to him, the government lacks resources for the
implementation of this strategy. `Declaring a principle is very good
but is it possible to implement it and what is being done for its
implementation? This is not visible,' he says. `Growth is reported in
industry but in which branch? Mining? We don't have another resource
of growth,' he says.
According to the economist, a lot of mines are exploited in Armenia,
which means that Armenia has a weak economy. Armenia is a producer and
exporter of raw materials, he says.