The Armenian government has introduced a new customs duty reimbursement program aimed at promoting exports. This initiative seeks to boost the export volume of Armenian products and strengthen their presence in international markets.
Key Details
- Mechanism of Customs Duty Reimbursement
Exporting companies and individual entrepreneurs will be reimbursed based on the customs duty rates set by the importing country. The reimbursement amount will depend on the customs value of the exported goods. - Program Funding
The reimbursement will be financed from the state budget, stimulating economic growth and enhancing the competitiveness of exporters. - Objectives
- Increase export volumes
- Strengthen the representation of Armenian products in international markets
- Improve transparency and efficiency in the export process
- Benefits for Exporters
Exporters will be able to reduce costs, enabling them to reach broader international audiences and boost their revenues.
The new customs duty reimbursement program represents a significant step toward enhancing Armenian exports. It provides businesses with the tools to access international markets more effectively, contributing to the sustainable growth of the country’s economy.
