ARMENIA, ISRAEL INTENSIFY THEIR TIES IN CUSTOMS SECTOR

YEREVAN, December 2. /ARKA/. Armenia and Israel intend to intensify
their ties in customs sector, the press office of Armenia's ministry
of finance told ARKA.

The report says the two governments signed an agreement to provide
mutual help in customs sector.

The agreement was signed when Armenia's delegation headed by the
minister of finance Gagik Khachatryan was in Jerusalem on November 26.

It envisages direct exchange of information, joint anti-smuggling
measures, sharing of experience and joint training activities to
develop trade and economy ties and facilitate trade growth between
the countries, says the report.

According to the press office, imports from Israel amounted to $28.7
million and Armenian exports to Israel were $2.4 million in ten months
of 2014.

During the visit, the sides discussed possible applications of the
new agreement and other issues of mutual interest.

The first stage of Armenia-Israel negotiations on the agreement was
held in Jerusalem in May 2012. Apart from this, talks were held from
November 10 to 13, 2014, in Yerevan on a draft convention to prevent
double taxation and prevent tax evasion. The convention was initialed
afterwards. -0--

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