ArmInfo. Armenian President Armen Sargsyan, who is on a working visit to the Swiss Confederation, at UN Headquarters - Geneva, met with the Secretary General of the United Nations Conference on Trade and Development (UNCTAD) Mikus Kitui.
According to the press service of the President's Office of Armenia, Kitui thanked Sargsyan for accepting the invitation to join the discussion of prominent figures of the Conference (UNCTAD Panel of Eminent Persons). The group consists of 7 people, which advises the Secretary General on the key challenges of the modern economy, generates ideas for international initiatives aimed at overcoming them. Noting the important role of the Organization, the President of Armenia thanked Conference and personally the Secretary General for royalty preparation of a report on the investment policy of Armenia. President Sargsyan made such a proposal earlier, and last year in the time of the Geneva meeting, an agreement was reached.
Armen Sargsyan considered it important to prepare this document also in terms of attracting foreign investment. He expressed hope that the recent visit of the UNCTAD expert group to Armenia will be useful for the report, which will be ready this October. "At present there is a period of opportunities for Armenia, and we must continue to work very closely," said the President.
UNCTAD director of investment and entrepreneurship, James John, in turn, said that President Sargsyan's proposal Analyzing the investment policy framework and the institutional framework in the context of the existing challenges and opportunities when preparing the report on Armenia is very relevant. "All these problems are the basis of the rapidly changing global political and economic geopolitics. In this context, not only Armenia, but also other countries should reconsider their development strategy, trade and investment policy. President Sargsyan presented his vision of Armenia's development in the 21st century. His progressive views were extremely useful for us, and we will take them into account when developing a theory of investment policy in Armenia. In the coming months, we will work hard to develop an investment theory. Already in September we will arrive in Armenia to report to him and to the Government proposals and to work together in order to present them at the heart of our discussions and decisions ", - he said.
Earlier, ArmInfo, citing the Ministry of Economic Development and Investments, reported that the expert group of the UN Trade and Development Commission (UNCTAD), which from March 27 to April 6, carried out a mission to review the investment policy in a strategic direction called "How to attract investments aimed at for export and increased efficiency? " "As the statistics of countries that have properly implemented the proposals voiced in the UNCTAD report, showed an almost 3-fold increase in attracting foreign investment over the next 5 years to publish the report. During 2016-2017, when 23% was recorded "The decline in cross-border investment, these countries provided a 29% increase in foreign investment," - said the agency.