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Government Wants To Create Free Trade Zone

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  • Government Wants To Create Free Trade Zone

    GOVERNMENT WANTS TO CREATE FREE TRADE ZONE

    news.am
    Dec 23 2010
    Armenia

    On December 23, Armenian Government approved draft bill on "Free
    trade zones", as well as amendments to six other laws which contain
    similar provisions.

    According to Prime Minister, the draft law has a peculiarity. The
    bill draws attention to possible risks: prior to realization of
    the programs they should be approved by the government to be clear,
    transparent and manageable.

    The draft bill provides for creation of a free economic zone outside
    of Armenian customs borders.

    According to the explanation presented by the Ministry of Economy,
    adoption of law will contribute to creation of favorable legal basis
    to create trade zones in the territory near Zvartnots airport and in
    the territory of Mars factory in the city of Gyumri.




    From: A. Papazian
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