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State Department Considers Crucial Improvement Of Business Climate I

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  • State Department Considers Crucial Improvement Of Business Climate I

    STATE DEPARTMENT CONSIDERS CRUCIAL IMPROVEMENT OF BUSINESS CLIMATE IN ARMENIA

    news.am
    Nov 30 2011
    Armenia

    Eric Rubin, Deputy Assistant Secretary, Bureau of European and Eurasian
    Affairs, attaches major importance to improvement of business climate
    in the South Caucasus.

    Speaking during the "South Caucasus 20 Years After Independence"
    conference, he said that the most important in that regard is
    efforts to combat corruption are critical to attracting direct
    foreign investment.

    "I think in all three countries the question of obstructed trade flows,
    which depends I think in part on resolution of some of the political
    differences, is also an important part of the picture. And this is
    a particular challenge for Armenia.

    It's one of the reasons we've pushed so hard to help get relations
    normalized with Turkey. But I think for all three countries you still
    have obstructed trade flows, obstructed trade corridors, and this
    has a real - really negative effect on economic growth," he said.

    He considers now it's very clear that the three states are part of
    Europe. "The future of these countries is intertwined with that of
    Europe as a whole, that our entire trans-Atlantic effort very much
    includes them, and our perspective on European-American relations,"
    he added.

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