Thursday, November 7 2024 15:43
Naira Badalian

Armenia to impose ban on export of ferrous and non-ferrous metal  scrap and waste

Armenia to impose ban on export of ferrous and non-ferrous metal  scrap and waste

ArmInfo. From January 31 to July 31, 2025, Armenia will impose a ban on the export of ferrous and  non-ferrous metal scrap and waste, as well as some used ferrous and non- ferrous metal products from the country. The decision to this effect was made at a meeting of the RA government on November 7.

As noted in the justification for the draft decision, the ban is  introduced for a period of six months. The last time a similar ban  was introduced was on May 23, 2024 (previously - on December 21,  2023). The adoption of the draft decision is due to the need to  regulate the export of ferrous and non-ferrous metal scrap and goods,  develop local production and provide a raw material base to stimulate  the activities of the metallurgical industry of Armenia.

In the absence of effective ferrous metal deposits in Armenia,  Armenian metallurgical enterprises use local scrap metal and waste as  raw materials. Based on these facts, the problem of the efficient use  of ferrous and non-ferrous metal scrap and waste is very urgent for  providing metallurgical enterprises of Armenia with metal raw  materials. Being a strategic product for Armenia, products made of  ferrous and non-ferrous metals are important for increasing the  country's defense capability and national security. From this point  of view, the issue of providing metallurgical and metalworking  enterprises of Armenia with raw materials necessary for obtaining  finished products from ferrous and non-ferrous metals is important.  At the same time, it is proposed to exclude equipment classified  under HS code 8453 (equipment for the preparation, tanning or  processing of fur or leather, for the manufacture or repair of  leather footwear or other products made of fur or leather) from the  list of items prohibited for export.