Wednesday, September 13 2017 15:42

ArmInfo. On the use of GSP  opportunities Armenia in a number of countries with the highest  efficiency. Deputy Minister of Economic Development and Investments  of Armenia Garegin Melkonyan told reporters on the margins of the  forum "Export opportunities of Armenian goods under the GSP program"  on September 13 in Yerevan.

Garegin Melkonyan recalled that Armenia enjoys the status of the GSP  beneficiary country with Canada, Japan, Norway, Switzerland and the  United States. Within the framework of this system, as Melkonyan  indicated, the goods produced in Armenia are imported into the United  States at zero customs duty. In the case of the United States, this  affects more than 3000 items. "Today our goal is to once again  acquaint the business community of Armenia with the details of the US  regime of preferential trade of GSP," the deputy minister said. As  Melkonyan said, according to statistics, about 60% of Armenian  exports to the US enjoy preferences within the GSP, which is quite a  high indicator. "In general, the goods that could use this regime  were actually used by him 100%, that is, Armenia, as our studies and  discussions with our American partners showed, is one of the  countries that make the best use of this regime," he said.

By now, as the Deputy Minister noted, thanks to the Generalized  System of Preferences, sufficient growth in trade with the United  States has already been registered. In January-July 2017, trade  turnover increased by 38% to $ 91 million. At the same time, as  Melkonyan pointed out, in the first half of this year, exports  recorded a 66% growth and amounted to $ 35 million.

The GSP program (Generalized System of Preferences) was adopted in  the United States in 1974 to stimulate economic growth in developing  countries. Within the framework of the system, the import of goods  (about 3,500 items) in the United States is carried out on  preferential terms - in a duty-free regime, from 129 countries,  including Armenia.