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LEGISLATIVE AMENDMENT ENVISAGED TO PROMOTE SUGAR PRODUCTION IN ARMENIA
Noyan Tapan
Nov 02 2006
YEREVAN, NOVEMBER 2, NOYAN TAPAN. At the November 2 sitting, the
Armenian government approved the draft law on making an addition to
the RA Customs Code, whose purpose is to promote sugar production in
Armenia and protect the interests of local producers, NT was informed
from the RA Government Information and PR Department. Adoption of the
law will help ensure equal conditions for various economic entities
of the same branch of the economy and increase the demand for locally
produced sugar on the domestic market. It was mentioned during the
sitting that for example, the sugar plant of Georgia exports its
production into Armenia without paying customs duties in accordance
with the Free Trade Agreement. In essence, a situation has formed,
in which unequal conditions have been created for various economic
entities operating in the same branch. The taxation field is more
favorable for forein economic entities than for domestic producers.
Noyan Tapan
Nov 02 2006
YEREVAN, NOVEMBER 2, NOYAN TAPAN. At the November 2 sitting, the
Armenian government approved the draft law on making an addition to
the RA Customs Code, whose purpose is to promote sugar production in
Armenia and protect the interests of local producers, NT was informed
from the RA Government Information and PR Department. Adoption of the
law will help ensure equal conditions for various economic entities
of the same branch of the economy and increase the demand for locally
produced sugar on the domestic market. It was mentioned during the
sitting that for example, the sugar plant of Georgia exports its
production into Armenia without paying customs duties in accordance
with the Free Trade Agreement. In essence, a situation has formed,
in which unequal conditions have been created for various economic
entities operating in the same branch. The taxation field is more
favorable for forein economic entities than for domestic producers.