YEREVAN, October 17. /ARKA/. Armenia’s economy is more liberal than EU countries’ economies, Beatriz Paglieri, the head of the Argentine Economy Ministry’s Foreign Trade Secretariat, said Thursday in Yerevan at the first Armenian-Argentine Business Forum.
“The Armenian economy is more liberal than the EU economies, which create obstacles for exports and cooperation with Argentina,” she said.
Paglieri said that Argentina faces some difficulties in exporting its goods to EU countries, the United States and Japan because of the imposed restrictions, including customs regime.
Garegin Melkonyan, Armenian deputy economy minister, on his side, said that Armenia’s tax and customs laws are flexible enough, and there is favorable environment for investment ion he country.
“We have high opportunities for entering Russia’s market, and cooperation with the European Union gives us room for exports, since there are certain preferential export regimes for more than 300 varieties of Armenian goods,” he said adding that membership in the Customs Union will is very promising for Armenia.
Voicing satisfaction at the developed laws, trade relations between Armenia and Argentina are quite weak because of countries locations and few business ties.
The first Armenian-Argentine Business Forum was launched today and will be wrapped up on Saturday.
Representatives of pharmaceutical, textile and meat-producing companies as well as other businesses gathered in Yerevan for this forum.
The event is organized by Armenian Development Agency and Argentina’s Embassy in Yerevan.
The National Statistical Service of Armenia says Argentina was the biggest investor in the real sector of Armenia’s economy in the first half of this year. Its investments here totaled $76.1 million in Jan-June 2013 after growing 10.4 times, compared with the same period a year before.
Argentina’s direct investments in Armenia have grown 67.2% to $8.2 million.
Argentine investments are intended for development of air transport ($72.3 million) and for construction of houses ($565,000), and $3.3 million has been invested in plant-growing and cattle-breeding businesses, hunting and related services. ----0---