YEREVAN, March 11. /ARKA/. Vazgen Safaryan, chairman of the Union of Domestic Manufacturers, speaking Monday at a news conference, said Armenia’s new Cabinet should press for passage of an appropriate law for the industry development based on the Industrial Policy Strategy.
“The present Cabinet has managed to design an export-promoting industrial policy, and I find this a significant achievement,” he said. “However, substantial system changes and new approaches are needed to remedy the country’s economy. Old approaches are not able to live up to the disaffected society’s expectations.”
On December 15, 2011, the Armenian government approved the Industrial Policy Strategy in an effort to spur development of the national industry and promote exports and in a hope that thanks to this strategy, the country’s industrial companies will expand their outlets abroad and create new jobs here in Armenia.
Safaryan said the new government, first of all, should involve economists in the industry-developing processes.
“After the passage of the law, the government should design fiver-year development programs with the particular development directions pointed out in them,” the expert said.
In his opinion, the government should also implement structural changes. In particular, he proposed the government to establish the industry and foreign trade ministry and should also reorganize the agriculture ministry into the ministry of agriculture and agricultural industry. -0-