EU unveils trade support for Armenia amid Russian restrictions
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17 Articles
Agriland.co.uk
Agriland.ieArmenian farmers to benefit from EU tariff suspension
The European Union’s temporary regulation to suspend tariffs on 80% of Armenian exports for two years will come into effect tomorrow (October 12). According to a statement by the European Council, the objective of the temporary trade preferences is to support producers and exporters in Armenia after the recent introduction of trade restrictions by Russia. […]
The European Commission reported that since 10 October Armenia had granted two-year trade preferences for the sale of agricultural and alcohol products, which would be limited to protective quotas; the liberalized trade regime would affect almost 80 per cent of Armenian agricultural exports, including fresh fruit, vegetables and flowers, as well as more than 91 per cent of exports of beverages and alcohol products; and the mechanism would enter …
On Saturday, EU tariffs on 80 percent of goods imported from Armenia will be lifted. The bloc aims to support the Armenian economy, which is struggling under restrictions imposed by Russia.
As of October 10, the EU will provide Armenia with "trade preferences" for the sale of agricultural and alcohol products, which will be limited to quotas and "market protection measures" of the association, as reported by the European Commission (EC) today...
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