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FREE ECONOMIC ZONE ON ARMENIA-IRAN BORDER TO BE FOCUSED ON JOINT ENTERPRISES' WORK
YEREVAN, June 4. /ARKA/. The free economic zone projected to be
created on the Armenia-Iran border will mainly be focused on the work
of joint enterprises, Armenian Economy Minister Karen Chshmaritsyan
said on Wednesday.
"This is still just a project, but I think it is quite promising,
since Iran was and is our friendly neighbor and development of
any economic cooperation with Iran is very beneficial for Armenia,
especially if it be a free economic zone ....," he said.
Chshmarityan said entrepreneurs from Armenia and Armenian communities
overseas as well as foreign partners have expressed interest in
this idea.
The minister said that in accordance with preliminary arrangement,
the operator of the zone will be the Armenian Commerce and Industry
Chamber.
Sarkis Aghabekyan, head of the chamber's investment commission and
president of Syunik council of the free economic zone, said earlier
that creation of the free economic zone infrastructure in Syunik
province is estimated to cost $15 million.
According to the project, creation of a preliminary infrastructure
will last no longer than three years, and after that a longer process
will be launched for creating more powerful industrial facilities.
Armenia already has two free economic zones - one, IT free economic
zone, was launched on August 1, 2013 at Mars plant in Yerevan and at
the Yerevan Mathematical Machines Research Institute and the other,
for jewelry, diamond-cutting and watch industries, is at AJA Holding's
territory. -0----
- See more at:
http://arka.am/en/news/economy/free_economic_zone_on_armenia_iran_border_to_be_fo cused_on_joint_enterprises_work/#sthash.nE264DJ7.dpuf
YEREVAN, June 4. /ARKA/. The free economic zone projected to be
created on the Armenia-Iran border will mainly be focused on the work
of joint enterprises, Armenian Economy Minister Karen Chshmaritsyan
said on Wednesday.
"This is still just a project, but I think it is quite promising,
since Iran was and is our friendly neighbor and development of
any economic cooperation with Iran is very beneficial for Armenia,
especially if it be a free economic zone ....," he said.
Chshmarityan said entrepreneurs from Armenia and Armenian communities
overseas as well as foreign partners have expressed interest in
this idea.
The minister said that in accordance with preliminary arrangement,
the operator of the zone will be the Armenian Commerce and Industry
Chamber.
Sarkis Aghabekyan, head of the chamber's investment commission and
president of Syunik council of the free economic zone, said earlier
that creation of the free economic zone infrastructure in Syunik
province is estimated to cost $15 million.
According to the project, creation of a preliminary infrastructure
will last no longer than three years, and after that a longer process
will be launched for creating more powerful industrial facilities.
Armenia already has two free economic zones - one, IT free economic
zone, was launched on August 1, 2013 at Mars plant in Yerevan and at
the Yerevan Mathematical Machines Research Institute and the other,
for jewelry, diamond-cutting and watch industries, is at AJA Holding's
territory. -0----
- See more at:
http://arka.am/en/news/economy/free_economic_zone_on_armenia_iran_border_to_be_fo cused_on_joint_enterprises_work/#sthash.nE264DJ7.dpuf