The European Union has suspended customs duties for about 80% of Armenia’s exports to the community bloc countries for two years. The decision was made on Thursday by the EU Council, as Moscow imposed trade restrictions in relations with Yerevan, reports IPN.
According to the European forum, the exemption covers a wide range of products, including some agricultural goods, and is in line with the objectives of the Comprehensive and Enhanced Partnership Agreement. The preferential regime is conditional and includes safeguard clauses, which protect the European market if imports affect EU producers.
Since April, Russia has imposed successive restrictions on imports of flowers, vegetables, fruit, live fish and alcohol from Armenia, including on their transit through Russia to other Eurasian Economic Union states. The most recent measure is a ban on Armenian dairy products, which came into effect on July 27. Moscow cited alleged sanitary irregularities discovered at Armenian milk processing plants as the reason.