Thursday, 23 January 2025
Support in the ammount of customs duty to be provided to promote exports
Today, the regular Cabinet meeting took place, chaired by Deputy Prime Minister of the Republic of Armenia Mher Grigoryan.
The Government approved the proposal to sign the loan agreement between the Republic of Armenia and the Asian Development Bank for the “Healthcare Quality Improvement Program”. Under the results-based lending (RBL) program proposed by the Asian Development Bank (ADB), it is planned to attract a loan worth 45.3 million euros, which will be directed to the construction and improvement of healthcare institutions, digitalization and institutionalization of health service quality assessment and accountability, licensing of medical institutions, development of human capital in the healthcare sector, implementation of a telemedicine pilot program, and improvement of the use of e-health tools.
The Government approved the legislative initiative on the bill “On Amendments and Supplements to the Law “On Education”. The purpose of the decision is to regulate and establish by law the legal, organizational, and financial foundations of preschool, general education, and extracurricular activities, as well as extracurricular education.
The Executive has approved the Export Promotion Assistance Program. Accordingly, the assistance provided for in the program approved by paragraph 1 of this decision will be provided for exports made from January 1, 2025 to December 31, 2026 inclusive.
The decision will enable a resident organization of the Republic of Armenia or an individual entrepreneur registered in the Republic of Armenia to export goods originating in the Republic of Armenia and receive assistance in order to be able to position themselves in export markets and present their own products. It should be noted that the assistance will be provided to certain target product groups and will be temporary in nature. The EU member states and the United Kingdom of Great Britain and Northern Ireland have been selected as export countries, since these markets require high standards, and in the event of temporary assistance in these markets, local companies will position themselves, also by bringing their products into line with the above-mentioned standards, becoming more competitive.
The decision will enable the promotion of the export of Armenian-made goods to the international market, increase export volumes, and also contribute to the recognition of the Armenian brand. It should be noted that for the export of goods specified in the project to the member states of the European Union and the United Kingdom of Great Britain and Northern Ireland, according to the estimates made, the maximum amount of assistance will be about 15 billion AMD per year. At the same time, it is planned that in the case of the aforementioned assistance, the export volumes of the target goods specified in the project will increase by about 15% next year (the expected increase in volumes was also taken into account when calculating the annual forecast amount of assistance).
By decision of the Government, the Committee on Higher Education and Science of the Ministry of Education, Science, Culture and Sports of the Republic of Armenia was allowed to acquire schematic design and coordination services for the master plan of the Academic City within the framework of the implementation of the "Academic City" program from a single entity, based on the existence of a special and exclusive right, from the company GMP International GmbH Architects and Engineers.
