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April 20
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YEREVAN. – Armenia's joining Customs Union will enable to import goods without Russian export duties, ruling party MP Gagik Minasyan told reporters.

“The main difference from the current regime is abolition of customs duties for Armenia,” he said.

Minasyan noted that 61% of exported goods from Russia were liable to customs duties, among them petroleum products, gas, raw diamonds, fertilizers, wood and other goods.

Besides, the imported goods will be free from VAT on the border. It will be possible to pay the tax in 20-50 days.

“The paper work will become easier. This will open up new opportunities for the producers of Armenia and Karabakh,” he added.

 

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