On December 23, Armenian Government approved draft bill on “Free trade zones”, as well as amendments to six other laws which contain similar provisions.

According to Prime Minister, the draft law has a peculiarity. The bill draws attention to possible risks: prior to realization of the programs they should be approved by the government to be clear, transparent and manageable.

The draft bill provides for creation of a free economic zone outside of Armenian customs borders.

According to the explanation presented by the Ministry of Economy, adoption of law will contribute to creation of favorable legal basis to create trade zones in the territory near Zvartnots airport and in the territory of Mars factory in the city of Gyumri.