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ITAR-TASS, Russia
January 2, 2015 Friday 08:51 AM GMT+4
Armenia joining Russia-led Eurasian Economic Union
MOSCOW January 2.
. Armenia officially joins on Friday the Eurasian Economic Union
(EEU), a new economic grouping between Russia, Belarus and Kazakhstan
Armenia is becoming a full-fledged member-state of the bloc, under an
agreement signed in October, but will have a limited representation in
the EEU's executive bodies until their term of powers expires in late
2015.
Armenia's share in the customs duties from goods entering the
territory of the EEU will total 1.13 percent. At the same time, the
share of Belarus, Kazakhstan and Russia slightly decreases to 4.65
percent, 7.25 percent and 86.97 percent, respectively.
The country will join the agreements between the EEU member-states on
common grounds, and will switch to a common customs tariff in the
sphere of commodity trade step-by-step by 2022.
Until 2022, Armenia will be able to apply customs duties on a number
of goods, including meat and meat products, which differ from customs
rates of the bloc. The republic will have a separate tariff on certain
dairy products, eggs, honey until 2020 and until 2019 on some fruits
and nuts.
Besides, Armenia will apply zero customs rates on petrol until 2018,
and will switch to a common customs tariff in 2020.
Under the same principle, the level of customs rates will be subject
to regulation on some organic and inorganic chemistry products,
fertilizers, household chemicals, leather, plastic ware and rubber
ware, including car tires.
Up to 2021, Armenia will have separate customs rates in regard to some
kinds of fabric.
Armenia will launch talks with the member-states of the World Trade
Organization (WTO) on changing its commitments as part of the
organization due to joining the EEU.
January 2, 2015 Friday 08:51 AM GMT+4
Armenia joining Russia-led Eurasian Economic Union
MOSCOW January 2.
. Armenia officially joins on Friday the Eurasian Economic Union
(EEU), a new economic grouping between Russia, Belarus and Kazakhstan
Armenia is becoming a full-fledged member-state of the bloc, under an
agreement signed in October, but will have a limited representation in
the EEU's executive bodies until their term of powers expires in late
2015.
Armenia's share in the customs duties from goods entering the
territory of the EEU will total 1.13 percent. At the same time, the
share of Belarus, Kazakhstan and Russia slightly decreases to 4.65
percent, 7.25 percent and 86.97 percent, respectively.
The country will join the agreements between the EEU member-states on
common grounds, and will switch to a common customs tariff in the
sphere of commodity trade step-by-step by 2022.
Until 2022, Armenia will be able to apply customs duties on a number
of goods, including meat and meat products, which differ from customs
rates of the bloc. The republic will have a separate tariff on certain
dairy products, eggs, honey until 2020 and until 2019 on some fruits
and nuts.
Besides, Armenia will apply zero customs rates on petrol until 2018,
and will switch to a common customs tariff in 2020.
Under the same principle, the level of customs rates will be subject
to regulation on some organic and inorganic chemistry products,
fertilizers, household chemicals, leather, plastic ware and rubber
ware, including car tires.
Up to 2021, Armenia will have separate customs rates in regard to some
kinds of fabric.
Armenia will launch talks with the member-states of the World Trade
Organization (WTO) on changing its commitments as part of the
organization due to joining the EEU.