ArmInfo. Armenia and China will exchange information on goods and vehicles of international transport moving across the customs borders of the Eurasian Economic Union (EAEU) and the People's Republic of China (PRC). At the March 6 meeting, the RA National Assembly ratified the draft of the relevant agreement signed in St. Petersburg on June 6 last year.
According to David Ananyan, Chairman of the RA State Revenue Committee, at the first stage, it is planned to exchange information on 10 items of goods imported by the EAEU countries from the PRC (2 items for each country of the Union). With regard to Armenia, we are talking about shoes and tires. In the subsequent stage-by-stage it is envisaged to spread the exchange of information to all commodity items and vehicles without exception, in parallel with the development of an electronic database of the EAEU states.
At the same time, the exchange will be made exclusively in relation to the transported goods and vehicles of legal entities, the submitted document does not apply to individuals. As David Ananyan noted, the agreement on information exchange between the customs services of the EAEU countries and China will accelerate the procedure for customs clearance of goods imported into the customs territories of the Union and China, as well as increase the transit attractiveness of the countries participating in the agreement.
According to David Ananyan, vast majority of the export of Armenian products to the Chinese market is made up of ore concentrates. So, in 2018, imports of Chinese goods to Armenia amounted to $ 376.5 million, and in 2019 this figure increased to $ 453 million. Moreover, the first 10 largest groups of goods in 2018 accounted for 25.3% of the turnover, in 2019 - 24.7%. Basically, shoes ($ 24 million), tires ($ 14.3 million), equipment for washing natural stones ($ 13.3 million), as well as cell phones, diode transistors, etc. are supplied from China to Armenia in the 10 largest groups of goods. In 2018, the export of Armenian products to China turned out to be at the level of $ 97.5 million, of which 99% of all exported products accounted for ore concentrate. In 2019, export volumes increased to $ 186.1 million, of which the specific gravity of ore concentrate again turned out to be predominant - 99.8%.
