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.  

POST A COMMENT
Input digits     


News
EEC action plan for implementation of priorities of Armenia`s  chairmanship in EAEU bodies was intensive - Nikol Pashinyan EEC action plan for implementation of priorities of Armenia`s  chairmanship in EAEU bodies was intensive - Nikol Pashinyan 
Beneficiaries of the Beneficiaries of the "By Your Side" program at IDBank
Ardshinbank has once again been recognized as the Private Bank of the Year and Retail Bank of the Year by the Global Banking and Finance Awards magazine.Ardshinbank has once again been recognized as the Private Bank of the Year and Retail Bank of the Year by the Global Banking and Finance Awards magazine.
Russia values mutually beneficial multifaceted cooperation with its  partners in EAEU - Vladimir Putin Russia values mutually beneficial multifaceted cooperation with its  partners in EAEU - Vladimir Putin 
Gas supplies to Armenia via Georgia to be suspended Gas supplies to Armenia via Georgia to be suspended 
Shorter working hours pose risk to Armenia`s economy - Mantashyants  business clubShorter working hours pose risk to Armenia`s economy - Mantashyants  business club
Economic modernization programme portfolio AMD 341bln as of Dec 1,  2024 Economic modernization programme portfolio AMD 341bln as of Dec 1,  2024 
"Hidden gem" with mountain views is a perfect walking destination for  2025` - Express UK 
Amundi-Acba remains committed to supporting Armenia`s economic progressAmundi-Acba remains committed to supporting Armenia`s economic progress
 Armenia`s ambassador to Spain, Fomento del Trabajo Nacional discuss  development of trade relations between Armenian, Catalan companies  Armenia`s ambassador to Spain, Fomento del Trabajo Nacional discuss  development of trade relations between Armenian, Catalan companies 
Idram Joins the Fight Against Food InsecurityIdram Joins the Fight Against Food Insecurity
Armenia exports wine to Russia, imports from Spain, Italy Armenia exports wine to Russia, imports from Spain, Italy 
7.4% economic activity growth in Armenia in Jan-Nov 20247.4% economic activity growth in Armenia in Jan-Nov 2024
Armenia`s minister of finance explains causes of tax arrears Armenia`s minister of finance explains causes of tax arrears 
Recession in Armenia`s IT sector not linked to Armenia`s fiscal  policy  Recession in Armenia`s IT sector not linked to Armenia`s fiscal  policy  
Ardshinbank Finances the Construction of an Innovative Greenhouse FacilityArdshinbank Finances the Construction of an Innovative Greenhouse Facility
Budget performance leaves to be desired - minister Budget performance leaves to be desired - minister 
Armenia`s Ministry of Finance preparing Eurobond tranche next year Armenia`s Ministry of Finance preparing Eurobond tranche next year 
Armenia`s authorities postpone taxation of the income tax refundArmenia`s authorities postpone taxation of the income tax refund
Economic Competition Protection Commission fines gas-filling stationsEconomic Competition Protection Commission fines gas-filling stations
Yerevan ex-mayor lashes out at incumbent authorities over orice rise Yerevan ex-mayor lashes out at incumbent authorities over orice rise 
Armenia`s financial authorities revise GDP growth down Armenia`s financial authorities revise GDP growth down 
135 applications for comunity programmes worth over AMD 50bln  submitted for coming year 135 applications for comunity programmes worth over AMD 50bln  submitted for coming year 
Yerevan Municipality revises construction permit fees downYerevan Municipality revises construction permit fees down
Armenian budget revenue 9.6% up in Jan-Nov 2024 as compared with  Jan-Nov 2023Armenian budget revenue 9.6% up in Jan-Nov 2024 as compared with  Jan-Nov 2023
Armenia reduces natural gas imports from Russia by 13% in first half  2024Armenia reduces natural gas imports from Russia by 13% in first half  2024
Armenia imports wheat from Russia Armenia imports wheat from Russia 
Extension of operation of 2nd power unit of Armenian NPP discussed Extension of operation of 2nd power unit of Armenian NPP discussed 
Video surveillance bill withdrawn Video surveillance bill withdrawn 
AraratBank Named Large CSR Company of the YearAraratBank Named Large CSR Company of the Year
Russian, Armenian officials to discuss Iran-EAEU cooperation under  comprehensive free trade agreement Russian, Armenian officials to discuss Iran-EAEU cooperation under  comprehensive free trade agreement 
Armenia`s car exports, imports down in first half of 2024Armenia`s car exports, imports down in first half of 2024
Armenia`s oil products imports 16.4% down in first half 2024 Armenia`s oil products imports 16.4% down in first half 2024 
1% idcoin instead of New Year’s suffering: practical tips1% idcoin instead of New Year’s suffering: practical tips
Armenia prefers Russian sugar to Brazilian Armenia prefers Russian sugar to Brazilian 
Almost 850 Armenian trucks in queue at Upper Lars checkpointAlmost 850 Armenian trucks in queue at Upper Lars checkpoint
Yerevan needs waste processing plant - mayor Yerevan needs waste processing plant - mayor 
Investment project for construction of 4th section of Yerevan`s  Circular Boulevardy to submitted to governmentInvestment project for construction of 4th section of Yerevan`s Circular Boulevardy to submitted to government
Energy sector one of major economic branches of Armenia - ministerEnergy sector one of major economic branches of Armenia - minister
Russian government presents results of 23rd meeting of  Armenian-Russian intergovernmental commissionRussian government presents results of 23rd meeting of  Armenian-Russian intergovernmental commission
USD transactions down RUB ones up in in Armenia`s interbank foreign  exchange market Dec 16 to 20USD transactions down RUB ones up in in Armenia`s interbank foreign  exchange market Dec 16 to 20
Idram Junior Donated Books to SchoolsIdram Junior Donated Books to Schools
"Gray deals" involving gold and diamonds seen in private transfers
Overchuk: Trade turnover between Russia and Armenia reached $10.2  billion in the first 10 months of 2024Overchuk: Trade turnover between Russia and Armenia reached $10.2  billion in the first 10 months of 2024
Armenian Deputy Prime Minister: Agricultural trade turnover between  Armenia and Russia increased by 7%Armenian Deputy Prime Minister: Agricultural trade turnover between  Armenia and Russia increased by 7%
Team Telecom Armenia`s Sustainable Development Bonds to be listed at  Armenia Stock ExchangeTeam Telecom Armenia`s Sustainable Development Bonds to be listed at  Armenia Stock Exchange
 EBRD invests $13.5 million  in Team Telecom Armenia`s $75 million  bond issuance  EBRD invests $13.5 million  in Team Telecom Armenia`s $75 million  bond issuance 
Are all funds protected in Russian banks?Are all funds protected in Russian banks?
Global digital cooperation gaining currency in interconnected world -  Armenian NA vice-speaker Global digital cooperation gaining currency in interconnected world -  Armenian NA vice-speaker 
Armenia`s economy minister, C-Quadrat Ampega reps discuss development  of Armenia`s capital market Armenia`s economy minister, C-Quadrat Ampega reps discuss development  of Armenia`s capital market 
RA Embassy in USA hosts special fireside chat on USAID`s lasting  impact in strengthening Armenia`s economic resilience and democratic  governanceRA Embassy in USA hosts special fireside chat on USAID`s lasting  impact in strengthening Armenia`s economic resilience and democratic  governance
Armenia committed to constructive cooperation within BSEC to advance  peace and stability in Black Sea Region and beyond - Armenian FM Armenia committed to constructive cooperation within BSEC to advance  peace and stability in Black Sea Region and beyond - Armenian FM 
Big Christmas Market with Idram, IDBank and idplusBig Christmas Market with Idram, IDBank and idplus
Armenia implements 10 investment projects in Eurasian region - EDBArmenia implements 10 investment projects in Eurasian region - EDB
Armenian government plans to hold IPO for its share in  Zangezur  Copper and Molybdenum CombineArmenian government plans to hold IPO for its share in  Zangezur  Copper and Molybdenum Combine
Armenia, Japan to sign convention abolishing double taxationArmenia, Japan to sign convention abolishing double taxation
EFSD to issue $2mln grant to Armenia to improve financing reporting  quality of government agencies EFSD to issue $2mln grant to Armenia to improve financing reporting  quality of government agencies 
Armenia, Hungary to sign economic cooperation agreementArmenia, Hungary to sign economic cooperation agreement
ZCMC paid AMD 33.249bln to Armenia`s state budgetZCMC paid AMD 33.249bln to Armenia`s state budget
Interregional cooperation high on agenda of Armenian-Russian  intergovernmental commissionInterregional cooperation high on agenda of Armenian-Russian  intergovernmental commission
Read more
Exchange rates
26.12.2024
RUB3.980.00
USD396.180.12
EUR412.071.00
GBP496.490.03
CAD275.430.33
JPY25.17-0.04
CNY54.280.02
CHF440.490.47