Newsfeed

U.S. Embassy in Baku offers excuses: California Senate's decision does not represent national foreign policy

Eduard Sharmazanov: Robert Kocharyan said nothing new

A Radisson Hotel may open in Armenia

Armenia institutes a criminal case suggesting international terrorism over Azerbaijan's fire attacks on Armenian borderline villages

VTB Bank (Armenia) presents gifts to children of Full Life NGO's Inclusive Summer Camp

Azerbaijan transfers Hakob Injighulyan to a third country

Armenian analyst considers Edward Nalbandian's participation in Turkish president's swearing-in ceremony to be a diplomatic mistake

Union of Banks of Armenia hosts discussions on development problems of Armenia's financial and banking sector

Volunteers from the Diaspora visit VivaCell-MTS headquarters

Robert Kocharyan is not optimistic about prospects of final settlement of Karabakh conflict

Edward Nalbandian invites Erdogan to visit Armenia on 24 April 2015

Robert Kocharyan: The regime able to forget personal interests is doomed to success

Beeline cuts down tariffs for fixed-line telephony services

Expert: California Senate-adopted Resolution - AJR 32 is a response to Baku's blackmailing policy

Robert Kocharyan: It would be wrong thinking that Armenia's economy may gain from sanctions against Russia

Armenian Deputy Minister of Finance: The stadium will not pay off all debts of Armavia

Armenian Cause and Cyprus among key items on Ahmet Davutoglu's agenda

ACBA-Credit Agricole Bank issues student loans within 15 minutes

SCR CJSC to attend sitting of Traffic Safety Committee of Council for Rail Transport in Minsk on Sept 2-3

Edward Nalbandian makes a statement on the Resolution of California Senate recognizing the Independence of Artsakh

Expert: Yerevan's refusal to participate in Turkish president's swearing-in ceremony could put international pressure on Armenia

David Babayan: Azerbaijan's stand on Yazidis of Iraq describes it as a Nazi country

David Babayan: Recognition of NKR's independence by California is equivalent to recognition by a big and influential state

VTB Bank (Armenia) consumers may now get standing orders for paying for Beeline services

Anelik Bank presents a new credit product - Simple-Fast Extra

Alexander Manasyan: In big-league politics Erdogan's anti-Armenian statements are a trifle

Expert: Increase in water release from Lake Sevan endangers the lake ecosystem

Politician: Perhaps great powers have promised Armenia to pressure Turkey into opening Armenian-Turkish border

Armenian general suggests delivering a series of preventive surgical strikes at Azeri army's combat positions

General: Even Turkish instructors admit low combat effectiveness of Azeri army

Mika Stadium placed on auction

Resident of Artashat wounded in shooting

Armenian Foreign Minister to attend Erdogan's swearing-in ceremony

Armenia and WTO to negotiate changes in customs duties

  • Saturday, March 29, 17:05

 Armenia will shortly start negotiations with the World Trade Organization (WTO) for revising its customs duties, Armenia's Prime Minister Tigran Sargsyan said at the 2nd Economic Forum of the Republican Party of Armenia "Armenia-Customs Union: Opportunities and Challenges" on Saturday.

He said that in Armenia customs duties average 2.4% while in the Customs Union they are three times higher. 

"So, our Customs Union membership will be bad for importers but good for domestic producers. For example, in the Customs Union customs duties for meat are high, so, this may boost investments in cattle breeding in Armenia," Sargsyan said.

He noted that as a WTO member, Armenia has certain obligations, which have to be revised now that the country is going to join the Customs Union.

Earlier Armenia's Economy Minister Vahram Avanesyan told ArmInfo that in the next five years the Customs Union is expected to reduce its tariffs from 9% to 5% on an average. "This is in line with Russia's tariffs policy for WTO. So, in some five years the Russians will have more goods with low tariffs than we will," the Minister said.

Armenia joined WTO in 2003.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields