Armenia suggests including over 800 goods in exception list for joining Customs Union

Armenia suggests including over 800 goods in exception list for joining Customs Union

YEREVAN, February 10. /ARKA/. Yerevan suggests including over 800 products in the exception list while joining the Customs Union, Armenia’s minister of economy Vahram Avanesyan said in his interview to R-Evolution on “Armenia” TV channel.

In particular, the list includes medications and cars which are in “sensitive” group, the minister said. 

Avanesyan said he is not expecting increases in petrol prices as Russia will lift export duties. No problem should occur with cereals either as Armenia is importing them mainly from Russia and partly from Kazakhstan, he said.

The minister ruled out that the Customs Union may reject exceptions in favor of Armenia. Yerevan made the decision to join the CU under certain conditions, including exceptions and its share in customs duties, the minister said. 

According to different estimates, customs duties will increase by 140-145 million dollars in absolute terms if Yerevan does not get any exceptions, which is unlikely, Avanesyan said. 
 
Armenia’s total consumption is about 10 billion dollars, this means inflation will be 1.45%, the minister said. –0--

14:53 10.02.2014

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