MEMBERSHIP IN EURASIAN ECONOMIC UNION ALLOWS ARMENIA TO BUILD UP ITS INDUSTRY – SAFARYAN
YEREVAN, December 8. /ARKA/. Armenia will be able to build up its
industry, if it uses properly the opportunity its membership in the
Eurasian Economic Union provides, Vazgen Safaryan, chairman of the
Union of Native Commodity Producers of Armenia, said Monday at a
news conference. “This membership will give nothing to the country,
if we don’t work intensively, don’t restore our old ties and don’t
encourage Armenian and Russian entrepreneurs to establish production
in Armenia’s border villages,” he said. In his opinion, the national
industry’s growth is insufficient to ensure proper development of
social and economic growth to the country and to reduce emigration
and unemployment here. According to the National Statistical Service
of Armenia, Armenia’s industrial output grew 2.2% in Jan-Oct 2014,
compared with the same period a year before, to AMD 1040.1 billion.
The expert also finds it necessary to change Armenia’s economic
policy. In particular, he proposes to increase exports of final
products. “Economy is in need of a mobilizing policy, and all our
resources, particularly raw materials, should be processed into final
products, which will be sold at higher prices,” he said adding that
this will considerably build up GDP. ($1 – AMD 447.86). —0—–