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Legislative Amendment Envisaged To Promote Sugar Production In Armen

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  • Legislative Amendment Envisaged To Promote Sugar Production In Armen

    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.
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