ARMENIA TO JOIN GSP+ IN 2009
PanARMENIAN.Net
30.01.2009 15:48 GMT+04:00
/PanARMENIAN.Net/ The European Union offered Armenia to join the
new GSP+, which grants duty-free access to the EU for approximately
7,200 products (natural juices, fruits, vegetables, etc.) from small
and vulnerable countries that have ratified the major multilateral
environmental agreements (MEAs) as well as key human rights and
governance agreements.
Generalized System of Preferences (GSP) is the system of preferential
trading through which the EU extends preferential access to its
markets for imports from developing countries.
"In 2007, the GSP allowed Armenia to export over 2000 names of goods
at reduced rate to the EU member states and save 120 million euro of
the impost fee," Armenian Deputy Minister of Economy Mushegh Tumasyan
told a news conference in Yerevan.
"GSP+ will help Armenia increase commodity turnover and represent its
brand in the world market," said Gagik Markaryan, executive director
of the republic’s union of employers.