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PRESS RELEASE: PRESS/TPRB/328

TRADE POLICY REVIEW:

Continued reform and diversification of the economy are key to economic growth

Armenia’s accession to the WTO in 2003 consolidated a process of trade liberalization and institutional reforms that started soon after independence from the Soviet Union in 1991. This process has continued since accession and Armenia has now a liberal trade and investment regime, according to a WTO Secretariat report on the trade policies and practices of Armenia.

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The WTO report, along with a policy statement by the Government, will be the basis for the Trade Policy Review (TPR) by the Trade Policy Review Body of the WTO.

Economic stability, along with foreign remittances and investment from the large Armenian diaspora, led to high levels of economic growth up until the global financial crises hit Armenia in 2009 and produced a sharp drop in economic activity.

The report says that continued efforts to improve implementation of institutional and regulatory reforms and to develop a more diversified economy are key to Armenia's future economic growth.

The report, along with a policy statement by the Government of Armenia, is the basis for the first Trade Policy Review (TPR) of Armenia by the Trade Policy Review Body of the WTO on 6 and 8 April 2010.

The following documents are available in MS Word format.

• Secretariat report
  > Contents and summary observations
  > Economic environment
  > Trade and investment regimes
  > Measures affecting market access for goods
  > Measures directly affecting exports
  > Other measures affecting investment and trade
  > Trade policies by sector
  > Appendix tables
  
    
• Government report
    

Note  back to top

Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries’ trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. For each review, two documents are prepared: a policy statement by the government of the member under review, and a detailed report written independently by the WTO Secretariat. These two documents are then discussed by the WTO’s full membership in the Trade Policy Review Body (TPRB). These documents and the proceedings of the TPRB’s meetings are published shortly afterwards.

Print copies of previous TPR publications are available for sale from the WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211 Genève 21 and through the on-line bookshop.

The TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.

Schedule of forthcoming reviews  back to top

Albania: 28 and 30 April 2010
China: 10 and 12 May 2010
Malawi: 9 and 11 June 2010

SEE ALSO    > Full list of previous TPRs

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