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ARMENIA SHOULD STRENGTHEN ITS EXPORT CAPACITY, EDB SAYS
YEREVAN, March 6. /ARKA/. Armenia should strengthen its export
potential, head of EDB Yerevan rep office Sergey Ignatov said in his
interview to ARKA Agency.
Strengthening export capacity through development of export-oriented
and import-substituting industries should remain a priority in the
near future, Ignatov said.
Armenia has high export potential in agricultural industries, and
this potential is partly used in food industry, according to Ignatov.
As to processing industry, Armenia has still to move up the production
chain. This will be possible if the authorities are consistent and
if they have a comprehensive approach to development of exports.
For facilitating export development the authorities should support
manufacturing export companies and create a proper institutional
environment for them (business environment, transport infrastructure,
laws, foreign investments, and etc.). At the same time they should
maximally reduce the blockade and facilitate the exporters' access
to strategic markets in Russia, EU, and etc.)
The authorities should foster export boost supporting exporters,
creating for them an appropriate institutional environment (business
environment, transport infrastructure, legislature, foreign
investments, etc.) as well as reducing the transport blockade,
facilitating the access to the strategic markets of Russia, EU, etc.).
The Eurasian Development Bank is an international financial
institution established by Russia and Kazakhstan in January 2006. It
aims to promote development of market economies, sustainable economic
growth and extension of mutual trade and economic ties in its member
countries.
The authorized capital stock of the bank exceeds $1.5bln, the member
countries are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and
Tajikistan.
EDB's current investment portfolio in Armenia is $79mln. The bank's
investment portfolio, including the redeemed projects, reached $109mln
by the end of 2012. -0-
http://arka.am/en/news/economy/armenia_should_strengthen_its_export_capacity_edb_ says/
YEREVAN, March 6. /ARKA/. Armenia should strengthen its export
potential, head of EDB Yerevan rep office Sergey Ignatov said in his
interview to ARKA Agency.
Strengthening export capacity through development of export-oriented
and import-substituting industries should remain a priority in the
near future, Ignatov said.
Armenia has high export potential in agricultural industries, and
this potential is partly used in food industry, according to Ignatov.
As to processing industry, Armenia has still to move up the production
chain. This will be possible if the authorities are consistent and
if they have a comprehensive approach to development of exports.
For facilitating export development the authorities should support
manufacturing export companies and create a proper institutional
environment for them (business environment, transport infrastructure,
laws, foreign investments, and etc.). At the same time they should
maximally reduce the blockade and facilitate the exporters' access
to strategic markets in Russia, EU, and etc.)
The authorities should foster export boost supporting exporters,
creating for them an appropriate institutional environment (business
environment, transport infrastructure, legislature, foreign
investments, etc.) as well as reducing the transport blockade,
facilitating the access to the strategic markets of Russia, EU, etc.).
The Eurasian Development Bank is an international financial
institution established by Russia and Kazakhstan in January 2006. It
aims to promote development of market economies, sustainable economic
growth and extension of mutual trade and economic ties in its member
countries.
The authorized capital stock of the bank exceeds $1.5bln, the member
countries are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and
Tajikistan.
EDB's current investment portfolio in Armenia is $79mln. The bank's
investment portfolio, including the redeemed projects, reached $109mln
by the end of 2012. -0-
http://arka.am/en/news/economy/armenia_should_strengthen_its_export_capacity_edb_ says/