Armenia’s immediate transition to CU duties may reduce foreign trade by about $104mln – Aramyan

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31.03.2014, 12:59

Armenia’s immediate transition to Customs- Union duties may lead to a reduction of about 104 million dollars in foreign trade, first deputy head of the presidential administration Vardan Aramyan said at the second economic conference of the ruling Republican Party of Armenia on CU opportunities and challenges for Armenia Saturday.

Armenia’s immediate transition to CU duties may reduce foreign trade by about $104mln – Aramyan

YEREVAN, March 31. /ARKA/. Armenia’s immediate transition to Customs- Union duties may lead to a reduction of about 104 million dollars in foreign trade, first deputy head of the presidential administration Vardan Aramyan said at the second economic conference of the ruling Republican Party of Armenia on CU opportunities and challenges for Armenia Saturday.

Customs duties on most goods will increase after accession to the CU; the duties will remain unchanged for 10% and will reduce for some goods, Aramyan said.

Aramyan also said the Armenian leadership is currently negotiating with the CU to leave duties unchanged for about 900 goods.

Armenia’s decision to join the CU made Russia cancel export tax for gas, which is an annual saving of about 140 million dollars, Aramyan said. –0--

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