Wednesday, January 31 2024 12:42
Alexandr Avanesov

Armenian government intends to settle issues related to foreign trade  in strategic goods

Armenian government intends to settle issues related to foreign trade  in strategic goods

ArmInfo.The Armenian government intends to resolve issues related to foreign trade in strategic goods.

As RA Minister of Economy Vahan Kerobyan noted in his speech, the  proposed amendments are aimed at resolving issues related to gold,  platinum and palladium bars, the export of which can only be carried  out by licensed companies. To obtain a license, they will have to pay  a state fee, the rates of which will increase significantly. The  purpose of the presented document is to create longer production  chains, promote and deepen the local processing of precious metals,  create conditions for the production of finished products with higher  added value and their export, rather than raw materials.

In recent years, Kerobyan continued, the volume of gold exports has  increased sharply, and for this reason there has been a need for  appropriate taxation of exporting companies so that the country's  state budget is replenished in accordance with this growth. According  to preliminary calculations, with the use of the state duty, the  state budget will be replenished with AMD 10-12bln.