US president’s statement evidence Armenia not solely dependent on Russia – Tatul Manaseryan
The United States is interested in beefing up its economic presence in Armenia, which is of high importance for Armenia in terms of diversifying foreign investments, economist Tatul Manaseryan told Tert.am as he commented on US President Barack Obama’s statement that the historic level of US investment in Armenia in 2015 is just the beginning of expanded trade and investment ties, which are of vital significance to Armenia, the Caucasus, and beyond.
“That statement should first of all be considered in its moral respect and in the context of an adequate assessment of the country’s reputation rather than in the context of financial expectations,” Mr Manaseryan said.
The US president’s statement is evidence that Armenia is not solely dependent on Russia.
“The healthier is Armenia’s economic and investment environment the more partners we will have,” Mr Manaseryan said.
He highlights an Armenia-US trade and cooperation agreement signed last year. According to him, the US president’s statement should be considered in the context of global developments. In this respect, Armenia has, to an extent, improved its positions, as compared with the other post-Soviet states. But for the unfavorable forecasts for 2015 by international organizations, more active investments would have been observed.
“Of importance is also the Central Bank’s really balanced monetary policy, which has resulted in macroeconomic stability, especially amid the overvalued national currencies in the neighboring states. In this respect, if Armenia registers economic growth and stability and its national currency does not suffer shocks, it is evidence of socio-economic predictability. In their turn, predictability and stability are most important factors for the business community. It means that Armenia’s economy should fulfill its potential to improve its competitiveness to meet US standards,” Mr Manseryan said.
Armenia is also elaborating rather serious projects to make Armenian products and services more easily available to US and EU consumer markets.
“That is, improving competitiveness must be task number one for Armenia – both for the government and for the private sector,” Mr Manaseryan said.
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