YEREVAN. – The cars imports to Armenia from the rest of the Eurasian Economic Union (EAEU) have increased ten to fifteen times.

Member of the opposition Prosperous Armenia Party National Assembly (NA) Faction and Deputy Chair of the NA Standing Committee on Economic Affairs, economist Mikayel Melkumyan, on Tuesday stated the aforesaid at Parliament, as he introduced the draft amendments to the Law on Value-Added Tax (VAT). 

The draft, which is drawn up by the ruling Republican Party of Armenia, proposes to annul the VAT for importing one vehicle per year from the other EAEU countries, and for personal use.

In Melkumyan’s words, ever since Armenia’s joining the EAEU in 2015, car imports from these countries have increased ten to fifteen times, and totaled 6,000 vehicles.

He recalled that cars that are either cheap or less than the average price are usually imported to Armenia.

“The imports sharply declined because of the crisis in 2009,” the MP added. “But after that, the [positive] dynamics recovered to some extent.”

The EAEU comprises Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan.