Law on free economic zones in Armenia to be adopted soon, expert says

Law on free economic zones in Armenia to be adopted soon, expert says

PanARMENIAN.Net - Member of the Armenian parliament, Chairman of the RA NA Standing Committee on Financial, Credit and Budgetary Affairs Gagik Minasyan said that the Law on Free Economic Zones in Armenia will be adopted until the end of the NA current session.

The law will facilitate export of agricultural products, contributing to development of Armenia’s agriculture, Minasyan told journalists on March 4.

He added that the government will continue providing assistance to rural cooperatives. Specifically, due to a loan allocated by the Japanese government, 61 units of agricultural machinery will be provided to them.

“Unfortunately, separate farms are not competitive in both internal and external markets,” Minasyan concluded.

 Top stories
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
---