February 12, 2011 - 13:50 AMT
Creation of two free trade zones in Armenia to start in 2011

Creation of two free trade zones in Armenia will start in 2011.

“The government has already approved a relevant legislative initiative, which is submitted to the parliament,” Economy Minister Tigran Davtyan said.

According to him, the zones will be located in Mars plant and Zvartnots Airport.

“Works will kick off in summer or autumn. Besides, the technopark in Gyumri may host free IT trade zone. Investments will be private while the government will create favorable conditions.”

The initiative supposes increase in job opportunities and export-bound high-quality production.