Government gives equal rights to cigarette importers, local manufacturers May 5, 2011 - 10:19 AMT PanARMENIAN.Net - The Armenian government has approved a bill on legislative changes to be introduced in the laws on domestic market protection, licensing and state duty. As Economy Minister Tigran Davtyan said, the bill gives equal rights to cigarette importers and local manufacturers. In October 2010, the Armenian parliament passed amendments to the law on excise tax. The amendments envisage a stage-by-stage equalization of rates for both local producers and importers till 2014. The World Trade Organization (WTO) rules prohibit any fiscal or regulatory preferences for domestic products. Excise rates should be equal for local and imported cigarettes. A similar requirement on equal tax rates for imported and locally produced products is contained in the Free Trade Agreements (FTA) signed by Armenia with 13 countries, including Russia and Ukraine. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement Blinken said it is an important step towards concluding a durable and dignified peace agreement. Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday. European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. |