The Armenia’s government has paid little attention to promoting local production over the last 7-8 years, Vazgen Safaryan , chairman of the Union of domestic producers said.
“A lot of time was missed to raise local production to a proper level,” he said. Over the past 7 years, according to Vazgen Safaryan, the Armenia’s population has invested about 30 billion dollars in local production, AMD 15 billion products were sold in the local market. If the government pursued a policy of local production development, Armenia would have a well developed industry producing a large variety of goods instead of imports.
“The Armenian-Turkish border would change government’s economic policy towards promoting local production,” Mr. Safaryan said.
