RPA Deputy Does Not Agree With Head Of WB Yerevan Office

RPA DEPUTY DOES NOT AGREE WITH HEAD OF WB YEREVAN OFFICE

ArmInfo
2009-02-26 18:11:00

ArmInfo. The policy carried out by the World Trade Organization in
the South Caucasus is preventing competition between local producers
and importers, the member of the parliamentary group of the republican
party of Armenia Gagik Melikyan said in an interview to ArmInfo while
commenting on the statement bythe head of the World Bank Yerevan
Office Aristomene Varoudakis that the Armenian authorities should
stop their policy of ptotectionism.

"I don’t agree with Mr.Varoudakis, who says that raise in customs
duties on imported products would have a negative effect on socially
disadvantaged people. His urge to give up the policy of protectionism
is aimed at boosting the import of products of developed countries (the
shareholders of the World Bank) to less developed states," Melikyan
said. He does not agree with the opinion that state guarantees and
loans do not help local business to solve its problems. "I am sure
that the $10mln loan given to Zangezur Copper-Molybdenum Combine
will help it to develop its production and to preserve its personnel
despite the global crisis," Melikyan said.

You may also like