The ban on the import of goods of Turkish origin was extended by 6 months. The government approved the draft decision today.
Acting Minister of Economy Vahan Kerobyan reminded that on October 20, 2020, the Armenian Government adopted a decision on banning the import of Turkish goods to Armenia, which established a six-month ban on the import of final consumer goods of Turkish origin.
“A six-month period has been set on the basis of the relevant provision of the EEU, according to which EEU member states may unilaterally apply non-tariff regulation measures in trade with third countries for a maximum period of 6 months. The legal regulation prohibiting the import of goods of Turkish origin came into force on December 31, 2020, so the 6-month period expires on July 1,” Kerobyan said.
According to Kerobyan, there is a need for a new decision, which will extend the import of consumer goods of Turkish origin to Armenia for another 6 months.
“The ban on the import of goods of Turkish origin should be considered not only as an economic sanction against Turkey, but also as a cessation of funding for the Turkish state treasury from Armenian sources in terms of security,” Kerobyan said.