Armenia’s Resources Are not Used Efficiently

YEREVAN (Noyan Tapan)–Armenian Foreign Minister Vardan Oskanian thinks that Armenia’s foreign economic policy must be based on the real state of affairs in Armenia which are characterized by a small market and limited resources.

At the "Outlines of the new economic policy" seminar organized by the Interparty Social and Economic Council November 7–Oskanian pointed out that it is not enough to bring the living standards in Armenia to the average European standard (The average European standard of living presupposes the GDP as $10,000 per capita per annum. In Armenia this figure is $500).

Oskanian said that for this level to be reached export-oriented productions should be set up on the basis on foreign investmen’s.

According to the minister–sales markets can be found by means of bilateral and multilateral negotiations. As regards to the transport problem–Oskanian sees its solution in the development of information technologies and tourism. He said that these spheres have until recently been disregarded.

In his turn–Academician Grigor Avagian–considering Armenia’s geographic location unfavorable–pointed out that the country possesses huge resources that it is unable to use. As an example he mentioned the possibility of the construction of hothouse farms on the sunny sides of the mountain-masses.

In his speech Iran’s Ambassador to Armenia Mohammad Farhad Koleyni addressed the priority of national interests and the necessity for being guided by this principle. As a successful example of determining "the main directions of development of the national economy" the book "Outlines of new economic policy" was mentioned at the seminar.

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