The recent agreements and changes in Armenia's trade regime will affect the economy through multiple channels, including trade, migration and investment. This small-scale TA will focus on the trade dimension. The TA will estimate the impact of recent and upcoming changes in Armenia's trade regime on trade patterns and comparative advantages, across products and destination countries. The possibility of building upon the new trade regime to position Armenia in profitable cross-border value chains will also be examined. In particular, Armenia might go beyond just re-exporting to developing processing industries using inputs imported under preferential tariffs.
| Project Name | Analysis of Economic Opportunities Associated with Armenia’s New Trade Regime | ||||
| Project Number | 52352-001 | ||||
| Country | Armenia |
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| Project Status | Active | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
|
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| Strategic Agendas | Inclusive economic growth Regional integration |
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| Drivers of Change | Governance and capacity development Knowledge solutions |
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| Sector / Subsector | Industry and trade / Industry and trade sector development |
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| Gender Equity and Mainstreaming | No gender elements | ||||
| Description | The recent agreements and changes in Armenia's trade regime will affect the economy through multiple channels, including trade, migration and investment. This small-scale TA will focus on the trade dimension. The TA will estimate the impact of recent and upcoming changes in Armenia's trade regime on trade patterns and comparative advantages, across products and destination countries. The possibility of building upon the new trade regime to position Armenia in profitable cross-border value chains will also be examined. In particular, Armenia might go beyond just re-exporting to developing processing industries using inputs imported under preferential tariffs. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | Trade can be an engine for inclusive growth and poverty reduction as it allows to use resources more efficiently in production, creates new employment opportunities and reduces the prices of goods and services for consumers. Trade is even more crucial for a small economy such as Armenia. Given its small size, Armenia has to specialize and focus on those export products for which it has a comparative advantage and for which economies of scale are less constraining. This small-scale TA proposes to identify the impact of Armenia's new trade regime on the range of products for which it has a comparative advantage. This analysis could then be used to target public support to these sectors. | ||||
| Impact | Export-led growth prospects and competitiveness of Armenia's economy improved | ||||
| Project Outcome | |
|---|---|
| Description of Outcome | Economic opportunities associated with Armenia's new trade regime determined and recommended |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | The impact of changes in the trade regime on trade patterns estimated |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Nation-wide |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Responsible ADB Officer | Aleksanyan, Lilia |
| Responsible ADB Department | Central and West Asia Department |
| Responsible ADB Division | Regional Cooperation and Operations Coordination Div, CWRD |
| Executing Agencies |
Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550, Philippines |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | 28 Nov 2018 to 28 Nov 2018 |
| MRM | - |
| Approval | 21 Dec 2018 |
| Last Review Mission | - |
| Last PDS Update | 21 Dec 2018 |
TA 9698-ARM
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 21 Dec 2018 | - | 21 Dec 2018 | 30 Jun 2020 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 200,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 200,000.00 | 21 Dec 2018 | 0.00 |
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