EX-HEAD OF CENTRAL BANK OF ARMENIA: REGRESS OF FOREIGN TRADE BALANCE IN ARMENIA
/ARKA/
June 4, 2010
YEREVAN
There is regress in foreign trade balance of Armenia, said Bagrat
Asatryan, Ex-Head of Armenian Central Bank.
In January-April volume of foreign trade turnover of Armenia was
increased by 30.9% compared with the same period of 2009 making 545.1
billion drams or $1408.7 million. Export volume was $289.8 million
increased by 64.3% and import – $1118.9 million, increased by 24.4%.
Negative foreign trade balance was $829.1 million and without cargo
received as humanitarian aid – $814.3 million.
“It is awful… There is regress of foreign trade balance during the
last 10 years. Armenia became non-working but consuming country”,
he said.
Armenian society became a society of consumers which produces nothing
but consumption volumes always increase.
It impacts foreign trade balance of Armenia, export of which is less
than import.
Speaking about 60% increase of export in January-April 2010, Asatryan
said that it is related to the increase of mining products.
The main direction of economic policy of Armenia should become
equalization of export and import.
From: A. Papazian
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