Pepsi And Coca-Cola Bottlers Companies In Armenia Allowed To Continu

PEPSI AND COCA-COLA BOTTLERS COMPANIES IN ARMENIA ALLOWED TO CONTINUE IMPORTS OF WHITE SUGAR AT PREFERENTIAL CUSTOMS RATES

YEREVAN, January 22. / ARKA /. Pepsi and Coca-Cola Bottlers companies
in Armenia have been allowed by the government today to continue
imports of white sugar from other than Eurasian Economic Union (EEU)
member countries at preferential customs rates for their own needs
for the next three years.

The news was announced by economy minister Karen Chshmarityan during
a Cabinet session.

According to Chshmarityan, under the treaty on accession to the
Eurasian Economic Union, Armenia will continue levying lower import
customs duties on a long list of products for several years, including
white sugar.

The minister explained that both companies are allowed to import no
more than 4,000 metric tons of white sugar and will be paying a 10
percent customs duties over the next three years.

The government has also approved today a decision on imports of raw
sugar at zero customs duties for sugar production. Chshmarityan said
under the EEU accession agreement, Armenia is allowed to import raw
cane sugar at zero customs duties from 2015 to 2025 for processing
in the territory of Armenia.-0-

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