Armenia to join EU’s Registered Exporter System in 2018
22.06.2017,
16:56
Beginning from 2018 January Armenia will start applying the EU’s Registered Exporter System (REX), the first deputy minister of economic development and investments Garegin Melkonyan said today during a discussion on EU’s GSP+ trade regime.
YEREVAN, June 22. /ARKA/. Beginning from 2018 January Armenia will start applying the EU’s Registered Exporter System (REX), the first deputy minister of economic development and investments Garegin Melkonyan said today during a discussion on EU’s GSP+ trade regime. The REX is the system of certification of origin of goods that applies in the Generalized System of Preference (GSP) of the European Union since 1 January 2017.
It is based on a principle of self-certification by economic operators who will make out themselves so-called statements on origin. To be entitled to make out a statement on origin, an economic operator will have to be registered in a database by his competent authorities. The economic operator will become a "registered exporter".
Melkonyan said Armenian exporters who register with the REX system will not need certificates of origin of goods when exporting 6000 euros worth goods to the European Union. Melkonyan added that this system is especially important for small exporters enabling them to save considerably both time and money.
Today’s discussion organized jointly with the European Commission, looked deep into the registration process and the opportunities provided by the REX system, as well as focused on the parameters that local companies must comply with in order to enjoy all these privileges. According to Melkonyan, the GSP + systems allows a larger number of goods for export to the EU - around 6,400.
"As a result, the cost of goods in the EU market will declining, increasing their competitiveness," he said.
He said one of the goals of the event is to raise awareness of the Armenian private sector about preferential terms of trade provided to Armenia by the EU. This, in his opinion, will spur Armenian exports to the EU countries.
The deputy minister also noted the main groups of these goods: metallurgy, textiles, food processing, beverages, and fish products. For these goods, as he explained, there is a zero or close to zero customs duty rates.
Armenia has been enjoying the GSP + system since January 1, 2014. The main condition for using the system is the country's membership in 27 international conventions on human rights, work, nature protection and management.
According to the National Statistical Service, in the first 4 months of 2017 Armenia’s trade with the EU grew by 11.6% to $396.4 million ( 23.5% of the total foreign trade). In 2016, it was worth about $1.218.7 billion (24% of the total foreign trade) -0-
It is based on a principle of self-certification by economic operators who will make out themselves so-called statements on origin. To be entitled to make out a statement on origin, an economic operator will have to be registered in a database by his competent authorities. The economic operator will become a "registered exporter".
Melkonyan said Armenian exporters who register with the REX system will not need certificates of origin of goods when exporting 6000 euros worth goods to the European Union. Melkonyan added that this system is especially important for small exporters enabling them to save considerably both time and money.
Today’s discussion organized jointly with the European Commission, looked deep into the registration process and the opportunities provided by the REX system, as well as focused on the parameters that local companies must comply with in order to enjoy all these privileges. According to Melkonyan, the GSP + systems allows a larger number of goods for export to the EU - around 6,400.
"As a result, the cost of goods in the EU market will declining, increasing their competitiveness," he said.
He said one of the goals of the event is to raise awareness of the Armenian private sector about preferential terms of trade provided to Armenia by the EU. This, in his opinion, will spur Armenian exports to the EU countries.
The deputy minister also noted the main groups of these goods: metallurgy, textiles, food processing, beverages, and fish products. For these goods, as he explained, there is a zero or close to zero customs duty rates.
Armenia has been enjoying the GSP + system since January 1, 2014. The main condition for using the system is the country's membership in 27 international conventions on human rights, work, nature protection and management.
According to the National Statistical Service, in the first 4 months of 2017 Armenia’s trade with the EU grew by 11.6% to $396.4 million ( 23.5% of the total foreign trade). In 2016, it was worth about $1.218.7 billion (24% of the total foreign trade) -0-
