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enhyru(+374 11) 520 510
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info@legelata.am
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Mon - Fri 09:00-17:00
News

The draft of the Ministry of Economy of the Republic of Armenia on the temporary ban on the import of goods of Turkish origin

At the suggestion of the RA Ministry of Economy, the RA Government’s decision “On a temporary ban on the import of goods of Turkish origin” was put into circulation.
This decision proposes to temporarily ban the import of a number of goods of Turkish origin to the Republic of Armenia.
The decision has been substantiated by the relevant authorities by the fact that, from the point of view of security, the financing of the Turkish budget, due to which the Turkish authorities had the opportunity to direct the funds to support Azerbaijan, will be stopped from the Armenian sources.
The Ministry of Economy of the Republic of Armenia states that in case of restriction of the import of these goods, there will be no shortage of these goods in the Armenian market, as they will be easily
replenished through imports from other markets to Armenia or due to local production.
Products of Turkish origin, the import of which is to be banned, include in particular confectionery, medicines, pharmaceuticals, clothing, clothing accessories, machinery, equipment and mechanisms, non-precious metals and articles prepared from these, petroleum products, perfumes, laundry means and other products.
If the decision is approved, it will enter into force on December 31, 2020 and will operate for a period of 6 months, in accordance with the provisions of the Treaty on the Eurasian Economic Union of May

29, 2014.

With respect to determining the country of origin of the product

According to the RA Law on Customs Regulation, the country of origin of a product is the country where the product was fully produced or last sufficiently processed.
Sufficient processing criteria are the works resulting in:
1) any change of the first four digits of the product code in the FEZ NL;
2) the Percentage of cost and added value of materials of national origin used in the production of the given product not less than 30% of the release price (supply) of the product. Moreover, the release price of that product does not include indirect taxes, trade overlays and other costs related to transport, insurance and maintenance.

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