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EU generalized system of prefs to help Armenia enter European market

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  • EU generalized system of prefs to help Armenia enter European market

    EU generalized system of preferences to help Armenia enter European
    markets


    YEREVAN, March 10. /ARKA/. Joining the European Commission's
    generalized system of preferences (GSP+), Armenia will have ample
    opportunities to Gagik Gabrielyan, main partner of GPartners (Grigoryan
    and Partners) consulting firm, said Tuesday at a practical course for
    local businessmen and exporters.

    `GSP+ lays down certain conditions for emerging countries. For
    instance, they have to implement key international conventions to be
    granted preferences or get a quota and duty-free access to EU markets,'
    Gabrielyan said.

    According to the expert, the system aims at boosting and improving
    market management in developing countries by granting them preferences
    and exempting the partner states from duties.

    Gabrielyan said it is impossible to say exactly how much Armenian
    exporters will gain from GSP+.
    `It is up to Armenian exporters and businessmen how they will make use
    of the granted opportunities,' he added.

    In his turn, RA Deputy Minister of Economy Vahe Danielyan said
    Armenia's market is too small for local businesses to expand their
    capacities.
    `There is a need for entering foreign markets,' he said, adding the CIS
    and EU would be Armenia's major trade partners.

    The Tuesday practical course aimed at giving local businessmen some
    useful tips on how to export goods to GSP+ countries.

    On20January 1, 2009 Armenia joined the European Union's Generalized
    System of Preferences. GSP+ allows partner states to export more than
    6,400 products without paying duties. `0-
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