Tuesday, January 21 2025 14:48
Alexandr Avanesov

Armenian authorities aim to reduce costs for companies engaged in  foreign economic activity

Armenian authorities aim to reduce costs for companies engaged in  foreign economic activity

ArmInfo. The Armenian authorities aim to decrease the financial and administrative burdens on companies engaged in foreign economic activity. At the plenary session of the National Assembly of the Republic of Armenia on  January 21, amendments to the laws "On the Export of Dual Purpose  Goods, Their Transit Transportation through the Republic of Armenia,  as well as Control Over the Transfer of Dual Purpose Information and  Intellectual Activity Results " and  "On licensing" were discussed in  the second reading.  According to the Minister of High-Tech Industry  of the Republic of Armenia, Mkhitar Hayrapetyan, the goal of the  legislative initiative is to reduce additional administrative and  financial costs and improve the business environment, particularly  for companies in the technology sector. The purpose of the bill is to  establish a legal foundation for publishing a list of goods that have  undergone the examination and are not classified as dual-use or  military items. This will simplify customs clearance procedures based  on the published list.