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Armenia To Join GSP+ In 2009

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  • Armenia To Join GSP+ In 2009

    ARMENIA TO JOIN GSP+ IN 2009

    PanARMENIAN.Net
    30.01.2009 15:48 GMT+04:00

    /PanARMENIAN.Net/ The European Union offered Armenia to join the
    new GSP+, which grants duty-free access to the EU for approximately
    7,200 products (natural juices, fruits, vegetables, etc.) from small
    and vulnerable countries that have ratified the major multilateral
    environmental agreements (MEAs) as well as key human rights and
    governance agreements.

    Generalized System of Preferences (GSP) is the system of preferential
    trading through which the EU extends preferential access to its
    markets for imports from developing countries.

    "In 2007, the GSP allowed Armenia to export over 2000 names of goods
    at reduced rate to the EU member states and save 120 million euro of
    the impost fee," Armenian Deputy Minister of Economy Mushegh Tumasyan
    told a news conference in Yerevan.

    "GSP+ will help Armenia increase commodity turnover and represent its
    brand in the world market," said Gagik Markaryan, executive director
    of the republic's union of employers.
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