Business Armenia Foundation continues to assist exporters in  obtaining preferential trade regimes

ArmInfo. The Business Armenia  Foundation continues to assist exporters and exporting business  entities in obtaining preferential trade regimes.

According to the press service of the Fund, since January this year,  within the framework of the GSP + EU regime, the European  self-certification system REX has been activated, which is especially  important for small and medium-sized enterprises. Once registered in  the system, Armenian commodity producers will be able to supply goods  to the European Union without the certification of origin of goods  for up to 6 thousand euros. With the assistance of the Fund, the  Sharoian-Saryan company recently used such a preference, and it  supplied sweets to France under the Aleppo brand.

In the first half of this year, 26 manufacturers used the consulting  services of the Fund on preferential trading regimes GSP + REX with  the EU, GSP with the USA and Switzerland. The Fund is assisted in  cooperation with the Ministry of Economic Development and Investments  of the Republic of Armenia.

Export to the markets of the countries of the EAEU, USA, Switzerland,  Japan, Canada, Norway is carried out either at zero or at the minimum  customs rate. The free trade regime also applies to Moldova,  Turkmenistan, Ukraine, Uzbekistan, Tajikistan and Georgia.  To  recall, in 2018 the Business Armenia Foundation (formerly the  Development Fund of Armenia-Ed) is planning to attract investments to  the country amounting to 46.8 million. The organization's plans also  provide additional export volumes of $ 16.3 million. With the support  of the Asian Development Bank This year, a comprehensive electronic  Select Armenia site will be established with sections of Invest  Armenia and Made in Armenia. The online resource is created to fully  inform businessmen about investment opportunities in Armenia, spheres  and industries where you can invest money. In the near future, the  Fund intends to introduce a system for managing customer relations -  CRM, which will allow to react as quickly as possible to the problems  faced by investors and exporters in Armenia. The Fund will receive a  grant in the amount of $ 394 thousand this year, which will go to the  creation of the eRegulations tool, the essence of which is to  classify and publish information on investment processes in Armenia.  With the support of the Foundation in 2017, 75 companies operating in  the territory of Armenia participated in 11 international  exhibitions, according to which, export contracts were signed for 5.3  billion drams (about $ 11 million), which is almost twice as much as  in 2016. In 2017, the Fund's efforts in Armenia signed investment  agreements worth $ 15.5 million.