Friday, December 17 2021 11:30
Alina Hovhannisyan

Imports of Turkish goods to Armenia down ten times 

Imports of Turkish goods to Armenia down ten times 

ArmInfo.The Ministry of Economy is most concerned over the continuing import of Turkish goods to Armenia, RA Minister of Economy Vahan Kerobyan told a news briefing as he presented the results of Armenia`s sanctions against Turkish goods  after the 44-day war in Karabakh. 

He reported that Armenia`s imports from Turkey totaled $260mln last  year, with Armenia`s exports to Turkey estimated at $2 to $3mln. By  the end of this year, imports of Turkish goods to Armenia had  declined 10 times, with no Armenian exports to Turkey recorded. 

Speaking at a meeting of the Market Surveillance Inspection Body, RA  Government, Minister Kerobyan reported a decision was made to tighten  control inside Armenia. In this context, he said the State Revenue  Committee has difficulties tracking the imported Turkish goods as no  customs clearance procedures is in effect for goods imported from the  Eurasian Economic Union (EAEU) member states. In the context of  normalization of relations with Turkey, the minister stressed the  process implies reciprocal steps. "We are not considering unilateral  re-opening or borders. Most detailed discussions of unblocking must  be held," he said. 

Armenia banned imports of Turkish goods after Turkey rendered  military assistance to Azerbaijan during the Karabakh war last  autumn. In previous years, Armenia`s annual imports from Turkey  totaled $250 to $270mln. The embargo was effective from December 31,  2020, to June 1, 2021, after which it was extended for another 6  months.