Investment infrastructure

To stimulate the promotion and protection of foreign investments in Armenia, a presidential decree established the State Investment Promotion and Protection Board (SIPPB), which is headed by the Prime Minister. SIPPB sets state investment policy. In particular, SIPPB advises the President and the Government on measures necessary to create a competitive environment that supports investment inflows and provides sufficient protection for investments.

The SIPPB established The Armenian Development Agency (ADA). This Agency will provide the basis for investment promotion and protection institutional infrastructure, and is the main institution that will implement Government investment and export development policies. The Agency will act as a "one stop shop" for investors and exporters, and will promote Armenia as an attractive investment economy. The Government envisions that ADA will have a worldwide network of representations and agencies in markets attractive for Armenia: the Armenian Development Investment and Trade Agency was recently established in the United Kingdom with the extensive participation and support of the Armenian Diaspora and the international business community.

Eight months ago a newly-defined Ministry of Industry and Trade became responsible for, among other things, trade and investment, maintaining an export-oriented economic climate, negotiating global access for Armenian products and services, and attracting investment to Armenia. The Investment Policy Directorate within the MIT is specifically tasked with investment policy and regulatory improvement