“Turkey Takes a Stand: Bans Import of 54 Israeli Goods in Solidarity with Gaza”
Turkey bans import of 54 Israeli goods in response to Gaza operations. Trade representative to implement decisions, says Foreign Minister. – News from Armenia – NEWS.am
“Russian Ministry of Finance Approves VAT Payment for Cross-border Sales by EEU Companies, Aiming to Boost Tax Collection”
The Russian Ministry of Finance has approved a draft law to introduce VAT payment for cross-border sales by EEU registered companies. The law aims to improve customs clearance and registration requirements for foreign intermediaries. It will take effect no earlier than July 1, 2024. Source: NEWS.am.
“Azerbaijan’s President Calls for Unchecked Passage from Azerbaijan to Armenia, Warns of Consequences”
Azerbaijan’s president, Ilham Aliyev, called for unrestricted movement between Azerbaijan and Armenia. He warned of consequences if the “Zangezur corridor” isn’t opened, stating Armenia would suffer more losses than benefits. #Armenia #Azerbaijan
“Putin signs law to boost exports: Russia slashes export duties and VAT”
Russian President Vladimir Putin has signed a law allowing for temporary reduction of export duties and exemption from VAT on certain goods. The new measure aims to boost exports of agricultural products, machinery, equipment, and pharmaceuticals. The government will also have the power to set price monitoring and regulatory procedures for import tariffs.
“Government Crackdown: Officials Seize Massive Smuggling Operation and Detain Suspects”
The government’s committee for state revenues fights against smuggling in Armenia. Recently, 1085 grams of shisha tobacco were seized in a smuggling case. Authorities have detained individuals involved and investigations are ongoing to uncover more illegal activities.
Armenian Government Implements Temporary Ban on Imports to Ensure Food Security and Boost Domestic Production
Government temporarily bans non-EEC countries from importing specific agricultural products to ensure food security and protect domestic production. The ban will be in effect until July 2, 2024, with a proposal for a 6-month extension. It won’t affect third countries exporting to Armenia or rural producers. Measures will be taken to establish mechanisms for regulating the ban, stabilizing global prices, and preventing market fluctuations.
“China’s International Exhibition of Imports Breaks Records: Showcasing High-Quality Products and Boosting Global Economic Growth”
The 6th international exhibition of Chinese imports opened in Shanghai, showcasing high-quality products from around the world. With participants from 154 countries and regions, the exhibition highlights Armenian agricultural products and promotes China’s economic growth. China’s international EXPO offers a platform for expansion of economic and trade exchanges, fostering a global development community.