UNION OF DOMESTIC PRODUCERS RECOMMENDS TO ARMENIAN GOVERNMENT TO REDUCE EXPORTERS' RISKS

YEREVAN, February 27. /ARKA/. Armenia's government should take the
responsibility of reducing possible risks of producers in order to
foster export, Vazgen Safaryan, Head of Union of Domestic Producers
of Armenia, told reporters on Wednesday.

"To boost export, the government should change the export policy
primarily by taking the risks of exporters and subsidize them by 8-9%
loans instead of the current 11%-12%," he said.

Moreover, extension of tax on profit exemption period from 3 to 5-6
years for entities which produce what has been previously imported
can also foster exports of the republic, according to him.

Imports to Armenia stood at $4.2 billion in 2012, and exports--$1.4
billion. As to this figures, Safaryan expressed confidence that the
measures mentioned above will improve these results and import/export
ratio.

The authorities should acknowledge what can be produced in the republic
should not be imported, he noted.

According to the National Statistical Service of Armenia,
foreign trade turnover of Armenia in 2012 rose by
3.9% from a year earlier to over $5694,9 million. The
deficit stood at $2838,7 million. -0- - See more at:
http://arka.am/en/news/economy/union_of_domestic_producers_recommends_to_armenian _government_to_reduce_exporters_risks/#sthash.LhNGs3YW.dpuf