Armenia can secure exports equivalent to billions of dollars if it attracts investments, the United Nations Conference on Trade and Development (UNCTAD) says, Voice of America reports.
The organization calls for reforms to improve the investment environment and carry out economic revolution.
Armenia can secure exports equivalent to billions of dollars over the next 10-20 years in several areas where, if properly invested, the economic revolution promised by the country's authorities can be realized. This is one of the main conclusions about the country made by the UNCTAD’s investment policy review of Armenia.
The review was discussed at the 11th meeting of the UNCTAD on November 12, during which a number of areas with potential for development of the country were highlighted.
It also explored the prospects of developing a number of areas with potential.
The issue of foreign direct investment (FDI) is no exception. Given the recent political developments in the Armenia, investors are now waiting.
The UNCTAD calls for improving the investment environment through reforms.