Japanese Companies Will Come To Armenia If Its Investment Climate Is

[Chakrian Hovsep]

JAPANESE COMPANIES WILL COME TO ARMENIA IF ITS INVESTMENT CLIMATE IS ATTRACTIVE

ArmInfo
2010-04-26 11:50:00

ArmInfo. The Japanese-Armenian relations are at a rather good level at
present. At the same time the economical relations have been developed
not so much, Minister of Japan's Embassy in Armenia Hiroshi Minami
told Arminfo correspondent.

He also added that the delegation of private Japanese companies visited
Armenia in 2005, but unfortunately after that none of them entered
the Armenian market. This is the necessary reason for development of
the economical relations between Armenia and Japan, he said.

'The Japanese government cannot make private companies do something,
for instance, join the Armenian market. For this reason, the Armenian
party should first of all improve its investment climate for Japanese
companies arrive in Armenia. Moreover, I think it is necessary to
show to the Japanese companies that it is beneficial to arrive in
Armenia and work here', - the diplomat said and added that the new
energy block at Yerevan power plant, built by means of the credit
funds of the Japanese government, is a successful example of the
mutually beneficial cooperation.

'I think it is a very good power plant especially from the ecological
point of view. I was surprised that only two years were necessary
to finish all the construction works. I am very happy for the
Armenian party having worked so successfully over the project', -
the minister said and added that at present fulfillment of the new
projects in Armenia is not foreseen, but he hopes that the joint work
will continue.