Pepsi and Coca-Cola Bottlers companies in Armenia have been allowed by the government on Jan. 22 to continue imports of white sugar from other than Eurasian Economic Union (EEU) member countries at preferential customs rates for their own needs for the next three years.
The news was announced by economy minister Karen Chshmarityan during a Cabinet session.
According to Chshmarityan, under the treaty on accession to the Eurasian Economic Union, Armenia will continue levying lower import customs duties on a long list of products for several years, including white sugar.
The minister explained that both companies are allowed to import no more than 4,000 metric tons of white sugar and will be paying a 10 percent customs duties over the next three years.
The government has also approved today a decision on imports of raw sugar at zero customs duties for sugar production. Chshmarityan said under the EEU accession agreement, Armenia is allowed to import raw cane sugar at zero customs duties from 2015 to 2025 for processing in the territory of Armenia.
Source: www.arka.am