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Armenian PM: Economy Needs Diversification

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  • Armenian PM: Economy Needs Diversification

    ARMENIAN PM: ECONOMY NEEDS DIVERSIFICATION

    CNN Business 360
    June 15 2011

    CNN business anchor, John Defterios

    Armenian export was worth 20% of GDP in 2000 but it is only 12%
    of GDP today; the trade balance is still negative.

    Armenian Prime Minister Tigran Sargsyan says the Armenian economy
    is not sufficiently diversified and he wants to boost the country's
    industrial base.

    He says promoting export is still a primary concern and he also
    discusses the country's complex relationship with neighbor Turkey.

    watch video at
    http://business.blogs.cnn.com/2011/06/15/armenian-pm-economy-needs-diversification/

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