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Prices Will Soar After Membership To Customs Union

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  • Prices Will Soar After Membership To Customs Union

    PRICES WILL SOAR AFTER MEMBERSHIP TO CUSTOMS UNION

    The Armenian Time has referred to the list of goods worked out by
    the Ministry of Economy which will be taxed extra customs fees after
    Armenia's membership to the Customs Union. Food, medicine, a lot of
    everyday goods will become expensive.

    Beef price will go up by 5%. So far the customs fee was 10%. After
    membership to the Customs Union customs fee on beef will be 15%.

    Paltry will go up by 15% because the 10% customs fee will go up to
    25%. Dairy products will go up by 8.3%, wheat by 5%, rice by 13%,
    vegetable oil, medicine by 5%, soap and household chemicals by 13%,
    petrol by 5% etc.

    "On the whole, we will have to pay 100 million dollars more for goods
    imported from the Customs Union. And it means that membership to the
    Customs Union will additionally cost every family an annual 80,000
    drams," the newspaper states.

    11:08 28/01/2014 Story from Lragir.am News:
    http://www.lragir.am/index/eng/0/comments/view/31814

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