RATIO OF VOLUMES OF IMPORT AND EXPORT IN ARMENIA IS 1/2

Panorama.am
15:26 28/03/06

"The volume of import is a serious problem in Armenia as it
considerably exceeds the volume of export," announced the Deputy of
the RA Minister of Trade and Economic Development Tigran Davtyan at
the international banking conference dedicated to the questions of
financing international trade organized in Yerevan today. Yet, as he
said, if the ratio of these two indexes was 1/3 at the early 90s,
at the present it is 1/2. It means that the volume of production
imported to Armenia 2 times exceeds the volume of that exported.

As T. Davtyan said the trade-economic regime formed in the course of
the last 10 years is estimated by international organization as one
of the most liberal ones. "From the point of view of trade-economic
regime Armenia is in the first group of countries," the Deputy of the
Minister noticed. After the admission of Armenia into the WTO (World
Trade Organization) there came forwards legislative guarantees for the
activity of the importers and exporters, a preventive trade-economic
system has been formed, besides the level of preventiveness has
rapidly increased. T. Davtyan mentioned that in the last several
years Armenia succeeded in diversificating the economy and keeping
that tendency.