YEREVAN, February 27. /ARKA/. Armenia’s government should take the responsibility of reducing possible risks of producers in order to foster export, Vazgen Safaryan, Head of Union of Domestic Producers of Armenia, told reporters on Wednesday.
“To boost export, the government should change the export policy primarily by taking the risks of exporters and subsidize them by 8-9% loans instead of the current 11%-12%,” he said.
Moreover, extension of tax on profit exemption period from 3 to 5-6 years for entities which produce what has been previously imported can also foster exports of the republic, according to him.
Imports to Armenia stood at $4.2 billion in 2012, and exports--$1.4 billion. As to this figures, Safaryan expressed confidence that the measures mentioned above will improve these results and import/export ratio.
The authorities should acknowledge what can be produced in the republic should not be imported, he noted.
According to the National Statistical Service of Armenia, foreign trade turnover of Armenia in 2012 rose by 3.9% from a year earlier to over $5694,9 million. The deficit stood at $2838,7 million. —0-