Armenia raising threshold for duty-free online trading to €400 euros

Armenia raising threshold for duty-free online trading to €400 euros

PanARMENIAN.Net - The Board of the Eurasian Economic Commission (EEC), of which Armenia is a member, has recently raised the threshold for duty-free online trading for individuals from the current 200 euros to 1,000 euros.

However, because the member states may have more strict norms, the national legislation of countries shall apply, which means in the event of Armenia, the duty-free trade threshold will be 400 euros instead.

According to the national legislation of Armenia, the value and weight threshold without paying customs duties is set at 200,000 drams and (or) 30 kg.

 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
---