Armenia extends ban on Turkish products for 6 monthsJune 24, 2021 - 18:19 AMT PanARMENIAN.Net - Armenia has extended the ban on the import of goods from Turkey for six months, Minister of Economy Vahan Kerobyan told a Cabinet meeting on Thursday, June 24. Kerobyan noted that the embargo, which entered into force on January 1, 2021 and expires on July 1, is now being extended for 6 months. He said the authorities impose the ban for such a short period of time to meet the requirements of the Eurasian Economic Union. Under the EAEU treaty, such temporary measures are valid not more than 6 months from the date of their introduction. Kerobyan noted that according to his Ministry's estimates, imports from Turkey have dropped by about 70% and chiefly consist of raw materials and intermediate goods such as building materials, knitted fabrics (for the operation of local clothing factories), as well as leather (for shoe production). Almost no finished goods are delivered, he added. The embargo was first imposed in October 2020 as Turkey openly supported Azerbaijan in the war against Karabakh and provided large-scale military support to Baku. Armenia used to import Turkey-made products worth $250-270 million a year. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |