President: Armenia stands out for excellent investment opportunities
11.10.2016,
14:36
President Serzh Sargsyan, speaking Monday in New York at Armenia: Investment Forum-2016, said that there are excellent investment opportunities in Armenia.
YEREVAN, October 11. /ARKA/. President Serzh Sargsyan, speaking Monday in New York at Armenia: Investment Forum-2016, said that there are excellent investment opportunities in Armenia.
“In the course of the past 25 years we have implemented cardinal reforms that improved Armenia’s performance in the international rankings: according to the World Bank estimates, among 189 countries Armenia ranks 35th on the ease of doing business, 5th on starting business, and 29th on trading across border,” he said. “Today Armenia stands out for excellent investment opportunities due to its liberal business culture, favorable business environment and an unswerving commitment to the ongoing reforms.”
Today, he said, the country’s geographic location and political and economic arrangements with partner nations enable Armenia’s easy access and trade with markets of more than 300 million consumers, where many Armenian goods and services have already established brand value.
“As a member to the Eurasian Economic Union, we have customs-free access to more than 180 million consumers. A common border and visa free regime with the Islamic Republic of Iran open up a market of 80 million consumers,” Sargsyan said. “Historically friendly relations with Georgia give us access to the Black Sea ports as well as safeguard Armenia’s trade turnover with Russian Federation, other EEU countries and the European Union.”
He said the forthcoming opening of the major infrastructure projects such as North-South highway corridor will make Armenia the shortest transit route connecting Persian Gulf to the Black Sea ports. Besides that, shared values with the EU have opened up privileged trade opportunities for Armenia with the EU as a part of the GSP+ arrangement.
“China increasingly becomes more engaged in the Armenian market with new economic prospects, also through the project of the Silk Road Economic Belt. Besides that, we enjoy historically close relations with various Middle Eastern countries with whom our trade volumes have been growing consistently over the past few years,” Sargsyan said.
He stressed the importance of Armenian communities worldwide and ‘the advantage we enjoy due to the presence of the large Armenian Diaspora around the globe’.
“Due to these fellow Armenians we have been recognized widely at the markets of the countries that are important for us, and we have been able to quickly get acquainted with the internal dynamics of the targeted markets and establish contacts with their business circles. In the same vein, through the diaspora we are able to spread the word on the economic attractiveness of Armenia to the foreign investors. Since the independence was attained numerous entrepreneurs from Diaspora have made significant investments in Armenia; they also have established enterprises through which they contributed to the economic growth of ours and instilled best business practices in Armenia.” --0---
“In the course of the past 25 years we have implemented cardinal reforms that improved Armenia’s performance in the international rankings: according to the World Bank estimates, among 189 countries Armenia ranks 35th on the ease of doing business, 5th on starting business, and 29th on trading across border,” he said. “Today Armenia stands out for excellent investment opportunities due to its liberal business culture, favorable business environment and an unswerving commitment to the ongoing reforms.”
Today, he said, the country’s geographic location and political and economic arrangements with partner nations enable Armenia’s easy access and trade with markets of more than 300 million consumers, where many Armenian goods and services have already established brand value.
“As a member to the Eurasian Economic Union, we have customs-free access to more than 180 million consumers. A common border and visa free regime with the Islamic Republic of Iran open up a market of 80 million consumers,” Sargsyan said. “Historically friendly relations with Georgia give us access to the Black Sea ports as well as safeguard Armenia’s trade turnover with Russian Federation, other EEU countries and the European Union.”
He said the forthcoming opening of the major infrastructure projects such as North-South highway corridor will make Armenia the shortest transit route connecting Persian Gulf to the Black Sea ports. Besides that, shared values with the EU have opened up privileged trade opportunities for Armenia with the EU as a part of the GSP+ arrangement.
“China increasingly becomes more engaged in the Armenian market with new economic prospects, also through the project of the Silk Road Economic Belt. Besides that, we enjoy historically close relations with various Middle Eastern countries with whom our trade volumes have been growing consistently over the past few years,” Sargsyan said.
He stressed the importance of Armenian communities worldwide and ‘the advantage we enjoy due to the presence of the large Armenian Diaspora around the globe’.
“Due to these fellow Armenians we have been recognized widely at the markets of the countries that are important for us, and we have been able to quickly get acquainted with the internal dynamics of the targeted markets and establish contacts with their business circles. In the same vein, through the diaspora we are able to spread the word on the economic attractiveness of Armenia to the foreign investors. Since the independence was attained numerous entrepreneurs from Diaspora have made significant investments in Armenia; they also have established enterprises through which they contributed to the economic growth of ours and instilled best business practices in Armenia.” --0---
