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MINISTER: ARMENIA NOT TO FACE CONFRONTATION WITH WTO AS IT JOINS CUSTOMS UNION
February 05, 2014 | 19:27
YEREVAN. - Armenia should not expect confrontation with WTO with
accepting custom duties of the Customs Union, Economy Minister Vahram
Avanesyan told reporters.
If Armenia increases import duties in case of joining Customs Union,
we will simply have to enter talks with WTO on certain provisions.
The main mechanism is an idea of adequate compensation, he explained.
"Romania joined the EU customs territory being a WTO member. The EU
rates were much higher. So, EU started negotiations with other WTO
members on Romania. The same thing will happen with Armenia in the
Customs Union," the Minister said.
News from Armenia - NEWS.am
From: Baghdasarian
February 05, 2014 | 19:27
YEREVAN. - Armenia should not expect confrontation with WTO with
accepting custom duties of the Customs Union, Economy Minister Vahram
Avanesyan told reporters.
If Armenia increases import duties in case of joining Customs Union,
we will simply have to enter talks with WTO on certain provisions.
The main mechanism is an idea of adequate compensation, he explained.
"Romania joined the EU customs territory being a WTO member. The EU
rates were much higher. So, EU started negotiations with other WTO
members on Romania. The same thing will happen with Armenia in the
Customs Union," the Minister said.
News from Armenia - NEWS.am
From: Baghdasarian