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Wednesday, 09 April 2003
ARMENIAN SCHOLARS FEAR LONG-TERM NEGATIVE IMPACT OF WTO MEMBERSHIP
By empty (4/9/2003 issue of the CACI Analyst)
Addressing a discussion in Yerevan on 9 April, economist Karine Danielian said membership of the World Trade Organization (WTO) will lead to a deterioration in the socioeconomic and ecological situation as domestic products are replaced on the internal market by cheaper foreign imports. Academician Mikhael Gyulkhassian similarly predicted that the imposition of value-added tax (VAT) on agricultural produce beginning in 2009 is likely to lead to the decline of that sector. Armenia was accepted into the WTO in February.
Addressing a discussion in Yerevan on 9 April, economist Karine Danielian said membership of the World Trade Organization (WTO) will lead to a deterioration in the socioeconomic and ecological situation as domestic products are replaced on the internal market by cheaper foreign imports. Academician Mikhael Gyulkhassian similarly predicted that the imposition of value-added tax (VAT) on agricultural produce beginning in 2009 is likely to lead to the decline of that sector. Armenia was accepted into the WTO in February. (Noyan Tapan)