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DOUBLE TAXATION TREATIES
Double taxation treaties (DTTs) are in force with Belarus, Bulgaria, China,
France, Georgia, Iran, Latvia, Lebanon, Lithuania, Romania, Russia, Turkmenistan
and Ukraine. Treaties with Belgium, Egypt, Greece, Netherlands, Poland, Syria and
Uzbekistan are subject to ratification. The number of DTTs is rapidly increasing.
TRADE LIBERALIZATION
On December 10, 2002 Armenia joined the WTO.
Today Armenia has a liberal foreign trade regime with a simple two-band import
tariff (at 0% and 10%), no taxes on exports, and no quantitative trade restric-
tions. Import, export, and domestic production licenses are required only for
health, security, and environmental reasons. There are no limits on hard currency
imports.
The new Customs Code (in force as of January 1, 2001) simplifies customs proce-
dures and complies with the WTO Rules.
MAIN FEATURES OF CUSTOMS REGULATIONS
All exports from Armenia are duty free.
The import tariff rates are 0 or 10 percent. The 10% tariff is levied mainly on
consumer and luxury goods.
Tariffs are in ad valorem terms and are levied on CIF values.
Armenia uses the Harmonized System of Codes for tariff classification.
No import customs duties are applicable in the following circumstances:
(i) imported capital goods (included in the list defined by the Government of
Armenia) forming a part of an investment in a business;
(ii) transit goods transported across the territory of Armenia;
(iii) transportation means (e.g. truck) used for regular interstate freight
forwarding;
(iv) currency and stocks;
(v) goods temporarily imported into Armenia and temporarily exported from
Armenia with the purpose of processing or reprocessing.
All payments must be made in the official currency of Armenia

PARTICIPATION IN INTERNATIONAL ORGANIZATIONS
Armenia is a member of the following organizations: APCTT, BSEC, BSBTDB, CCC,
CIS, EEC, EBRD, IFRCRCS, IFC, IMF, ISO, ITU, IPU, FAO, ECE, ESCAP, IAEA, IBRD,
ICAO, IDA, IFAD, ILO, IOS, ICDO, ICAO, INTOSAI, IAPNTELSAT, INTERPOL, IOC, ITU,
NACC, OIPO, OSCE, RAMSAR, UN, UNCTAD, UNESCO, UNIDO, MIGA, PCCNTBTO, UPU, WEC,
WCO, WHO, WIPO, WMO, WOAH, World Bank/IDA, WTO (World Tourism Organization), WTO
and the Council of Europe. Armenia also has an observer status at ADB, NAM, and
participates in NATO PFP.

THE PARTNERSHIP AND CO-OPERATION AGREEMENT concluded between the European Union
and Armenia entered into force in July 1999. The Agreement aims to improve the
economic cooperation and trade within the region and with the European Union.

IMPORTANT WEB-SITES
Web Site for the National Assembly of Armenia: www.parliament.am
President of the Republic of Armenia - Robert Kocharyan: www.president.am
Government of the Republic of Armenia: www.gov.am
Central Bank of Armenia: www.cba.am
State Customs Committee at the Government of the Republic of Armenia: www.customs.am.
Official Site of Constitutional Court of the Republic of Armenia: www.concourt.am
Republican Scientific-Medical Library of the Ministry of Health: www.medlib.am
Official site of Ministry of Environmental Protection of the Republic of Armenia:
www.nature.am
Official site of Ministry of Privatization of the Republic of Armenia:
www.privatization.am
Ministry of Foreign Affairs of the Republic of Armenia:
www.armeniaforeignministry.com

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