DOES ARMENIA NEED AN ECHELON OF EXPORT-ORIENTED COMPANIES?
PanARMENIAN.Net
June 9, 2011 – 13:23 AMT
PanARMENIAN.Net – Executive director of the Union of Armenian
Manufacturers and Businessmen Gagik Makaryan said Armenia needs to
diversify export oriented production.
Currently import to Armenia exceeds export by 20-25%, and this trend
has been maintained for the past 5-6 yeast, Makaryan told a press
conference in Yerevan on June 9.
According to him, 80% of exported products from Armenia are
represented by 15 goods, including output of the mining industry,
brandy, gold, etc. “We face the problem of production diversification,”
noted Makaryan. As for import, 25 goods make around 50% of imported
products to the country.
Makaryan believes there are two approaches to solve the problem:
Armenia needs either to develop a concept of export development and
create an echelon of export-oriented companies capable of sweeping
foreign markets or improve the business environment, what is done by
the government. “As a result, businesses will gain a potential for
expanding their export opportunities,” he concluded.