Armenia follows the most liberal and balanced economic policy out of the countries of the region. Armenian minister of trade and economic development Karen Chshmaritian stated it when addressing the 3-rd sitting of the Armenian-Egyptian inter-governmental commission in Yerevan today. In his words, the policy held by Armenia contributes to private sector development, improvement of business atmosphere in the country and rapid economic growth in general. "Sustainable growth is noted in Armenia's foreign trade recently, export increases 40% in average," - the minister said. He also noted that industrial growth is registered in virtually all industries.