ARMENIAN GOVERNMENT TO SUPPORT LOCAL SUGAR PRODUCTION

ArmInfo News Agency, Armenia
Nov 2 2006

Armenian government made amendments to Armenian customs code to
protect interests of local enterprises and step up production of
sugar in the country, states the governmental press release to Arminfo.

It says that amendments will provide equal conditions for all producing
subjects and will increase demand for local production of sugar. It
was mentioned that Georgian sugar factory is importing sugar to Armenia
within the frames of the agreement on free trade and so without paying
taxes. The press release does not say what amendments have been done to
the customs code and how it will help local production. ‘Fleed Food’,
property of MP Samvel Aleksanyan, is almost a monopolist of sugar
import to Armenia. Sevan sugar factory is the only sugar producer in
Armenia. It was mentioned earlier that the importer prevents other
producers from entering the local market.