ArmInfo. The RA Ministry of Economy reports that the current free trade agreements between the Republic of Armenia and several partner countries create a good opportunity for developing Armenian exports, increasing the competitiveness of Armenian goods in foreign markets, and reducing costs for exporters.
In particular, as emphasized in the ministry's statement, in cases where the Republic of Armenia has a free trade agreement with a particular country, exporters can benefit from preferential customs treatment when exporting goods of Armenian origin, provided they comply with established requirements and have the appropriate document confirming the origin of the goods - a certificate of origin. This means that customs duties are not assessed on the relevant goods during customs clearance in the importing country, provided the conditions established by the current free trade agreement are met.
The Ministry urges exporters to study the conditions applicable to their products in advance, including the rules of origin, required documents, and customs procedures of the importing country. Properly completing a certificate of origin is an important prerequisite for taking advantage of the privileges provided by free trade agreements.
"The Ministry of Economy of the Republic of Armenia continues its efforts to promote the export of Armenian products, market diversification, and raising awareness of the opportunities available to exporters. It encourages exporting companies to more actively utilize the preferential conditions provided by the Republic of Armenia's current trade agreements, thereby contributing to the expansion of the presence of Armenian products in international markets," the statement reads.
