Armenia to submit proposal to EAEU to lower customs duties for some goods

YEREVAN, FEBRUARY 8, ARMENPRESS. Albert Babayan, deputy minister of economic development and investments, says the ministry is going to prepare a proposal on lowering the customs duties of some sensitive goods for Armenia and submit it to the Eurasian Economic Union (EAEU), the official announced this during the 1st session of the parliamentary standing committee on regional and Eurasian Integration affairs, reports Armenpress.

Chairman of the committee Mikayel Melkumyan said Armenia is provided with respective customs duties within the EAEU. “Prices of several goods will increase in our country. Are there cases when Armenia has asked the EAEU to lower the customs duties for several goods”, he asked.

In response the deputy minister said by joining the EAEU Armenia really assumed a series of duties in terms of the customs duties which are higher than the previous ones. “We have assumed the duty of the Russian customs duties. As our customs duties increase, nearly 11 of the WTO member states have applied to Armenia so that our country should re-negotiate for the current problem that emerged due to the high customs duties. There may be a decline of customs duties for some products that will be interesting, or for some products these countries are interested in. As for the sensitive goods for Armenia we are going to prepare proposals and submit them to the EAEU. And this is a normal process, other member states as well present such proposals”, he said, adding that Armenia has no legislative obstacle for that process.

Edited and translated by Aneta Harutyunyan