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Armenia becomes full member of Eurasian Economic Union
14:20, 02.01.2015
YEREVAN. - From January 2 Armenia became a full member of the Eurasian
Economic Union that also comprises Russia, Belarus and Kazakhstan.
Till the end of 2015 Armenia will be represented by three members sin
the Eurasian Economic Commission. They will have one vote without
assigning them spheres of competence.
Armenia's share in customs duties will make 1.13 percent, while the
share of Belarus will reduce from 4.7 percent to 4.65, that of
Kazakhstan from 7.3 percent to 7.25, and Russia's from 88 percent to
86.97.
As regards services, Armenia joins the agreement of members of the EEU
on a common basis, while on trade a gradual transition to the Common
Customs Tariff is provided.
Up to 2022 Armenia will be able to apply different rates from the EEU
customs duties on a number of products, including meat and meat
products. Until 2020 a separate tariff for some types of dairy
products, eggs, honey will be applied for Armenia, and for some types
of fruits and nuts till 2019.
In addition Armenia will use zero customs rates for gasoline till 2018.
In connection with the accession to the Eurasian Economic Union,
Armenia will begin negotiations with the World Trade Organization
(WTO) members to change their obligations under the WTO.
Armenia News - NEWS.am
14:20, 02.01.2015
YEREVAN. - From January 2 Armenia became a full member of the Eurasian
Economic Union that also comprises Russia, Belarus and Kazakhstan.
Till the end of 2015 Armenia will be represented by three members sin
the Eurasian Economic Commission. They will have one vote without
assigning them spheres of competence.
Armenia's share in customs duties will make 1.13 percent, while the
share of Belarus will reduce from 4.7 percent to 4.65, that of
Kazakhstan from 7.3 percent to 7.25, and Russia's from 88 percent to
86.97.
As regards services, Armenia joins the agreement of members of the EEU
on a common basis, while on trade a gradual transition to the Common
Customs Tariff is provided.
Up to 2022 Armenia will be able to apply different rates from the EEU
customs duties on a number of products, including meat and meat
products. Until 2020 a separate tariff for some types of dairy
products, eggs, honey will be applied for Armenia, and for some types
of fruits and nuts till 2019.
In addition Armenia will use zero customs rates for gasoline till 2018.
In connection with the accession to the Eurasian Economic Union,
Armenia will begin negotiations with the World Trade Organization
(WTO) members to change their obligations under the WTO.
Armenia News - NEWS.am