
YEREVAN, November 13. /ARKA/. Seminar for Armenian businessmen on the changes of trade regime between Armenia and European Union within the program “East Partnership” took place on Friday in Yerevan.
The seminar “Proposed trade frames with EU” was organized jointly with Armenian-European consulting center of economic policy and right (AEPLAC), Ministry of Economy of Armenia and group of EU consultants.
Businessmen, members of the Union of Manufacturers and Entrepreneurs, Association of Businessmen and Union of Exporters participated in the seminar. “The subject of the seminar was current and future trade regime with European Union. Future trade relations between Armenia and EU is a deep and global free trade regime”, said Aleksey Sekaryov, Head of AEPLAC to the journalists.
He said that this process will take five years and the goal of this event is to prepare Armenian businessmen for it. “We should know what is trade regime, get introduced to technical norms and standards of EU for exporting our products”, said Sekaryov.
This preparation is organized beforehand because Armenian businessmen have rather narrow horizon of planning, they have to learn about higher level of trade regime and cooperate with EU.
They have to learn about it now for including it into new cycle of planning. It is necessary to increase quality of control and implement reforms in the sphere of protection of intellectual ownership, standardization, sanitary and fito-sanitary control in Armenia.
Mushegh Tumasyan, Deputy Minister of Armenia mentioned that the goal of the Government of Armenia is to increase export of Armenian products to EU countries. ”Our goal is to promote export to EU countries.
It is rather difficult process which is conditioned by the quality of the product and certain entrepreneurial skills”, said Tumasyan. “Europe greatly supports Armenia and it is important that civil society organizations and the society know that there is progress and the life is improving”, said Uffe Holst Yensen, Head of Department of European Support delegation of EU in Armenia.
EU market is the largest in the world and the program “East partnership” initiated by EU gives opportunity to participant-countries to enter European market. “East partnership” is Polish-Sweden initiative in the frames of neighborhood policy targeted at the improvement of relations of EU with post-soviet countries. The program should involve neighbor-countries of EU – Azerbaijan, Armenia, Georgia, Moldova, Ukraine and Belarus.-0-
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| Market exchange rates 15/03/2010 | ||||
|---|---|---|---|---|
| Currency | Symbol | Unit | Rate | Changes |
| USA Dollar | USD | 1 | 394.48 | 1.86 |
| Euro | EUR | 1 | 540.91 | 0.9 |
| Russian Rоublе | RUR | 1 | 13.44 | 0.04 |
| Favorable еxchange rates of banks 15/03/2010 | ||
|---|---|---|
| Currency | Buy | Sell |
| USD | 394 ArmBusinessBank |
396 Ameriabank Ardshininvestbank Areximbank-Gazprombank Group “ArmSwissBank” |
| Euro | 540 “ArmSwissBank” |
546 Ameriabank |
| RUR | 13.35 BTA Bank |
13.5 ACBA-CREDIT AGRICOLE BANK Ameriabank |
| Macroeconomics | ||
|---|---|---|
| Indicator | Term | Figures |
| economic growth,% | 2009-12 | 85.6 |
| GBP, billion AMD | 2009-12 | 3165.5 |
| inflation, % | 2010-01 | 101.7 |
| Budget deficit (proficit), bln AMD | 2009-12 | 148.3 |
| trade deficit, mln USD | 2009-12 | -2606.4 |
| foreign trade turnover, mln USD | 2009-12 | 4001.9 |
| foreign trade turnover, % | 2009-12 | 73 |
| Gross External Reserves, mln. USD | 2009-12 | 2003.41 |
| Monetary base, billion AMD | 2009-12 | 511.7 |
| Money supply, billion AMD | 2009-12 | 815 |
| Financial market | ||
|---|---|---|
| Indicator | Term | Figures |
| Anual interests on loans | ||
| Legal entities in AMD | 2010-01 | 14.8 |
| Legal entities in USD | 2010-01 | 13.5 |
| Individuals in AMD | 2010-01 | 22 |
| Individuals in USD | 2010-01 | 17.6 |
| Anual interests on deposits | ||
| Legal entities in AMD | 2010-01 | 6.5 |
| Legal entities in USD | 2010-01 | 5.4 |
| Individuals in AMD | 2010-01 | 9.1 |
| Individuals in USD | 2010-01 | 5.3 |
| Annual profitability | ||
| state stock of CBA, % | 2008-08 | 8 |
| fiscal stock of Armenia, % | 2010-01 | 8.8 |
| The percents of the CBA | ||
|---|---|---|
| Indicator | Term | Figures |
| Banking rate | 2010-03 | 13 |
| Repo | 2010-03 | 6.5 |
| Credit | 2010-03 | 9.5 |
| Depo | 2010-03 | 3.5 |