Sectorial Brochure Agri-Food Sector of Armenia/BA | Page 7

TRADE OPPORTUNITIES
ACCESS TO A CONSUMER MARKET WITH 1.5 BILLION PEOPLE
WITH 0% OR REDUCED CUSTOMS DUTIES
EAEU - 0% tari rates, 183.4 million
FTA with Iran & Vietnam - 0% or
reduced tari rates, 172.9 million
FTA with CIS & Georgia - 0% tari rates,
98 million (EAEU excluded)
GSP + (EU & UK) - 0% or
reduced tari rates, 511.8 million
GSP (Canada, Japan, Norway,
Switzerland, USA) - 0% or reduced
tari rates, 503.5 million
BUSINESS ENVIRONMENT
DOING BUSINESS 2019
41
MODERATELY
FREE
st
STARTING A
BUSINESS
8
6
th
ECONOMIC FREEDOM INDEX 2018
44
th
REGISTERING
PROPERTY
14
th
INVESTMENT
FREEDOM
75 %
MOSTLY FREE
OUT OF 190 COUNTRIES OUT OF 180 COUNTRIES
Source: World Bank, Doing Business Database Source: Heritage Foundation Database
Takes 3 days to open a company, 7 days to
register property Five-year investment protection
from changes in legislation
E cient e-governance services in place Free exchange of foreign currencies and
repatriation of profit
100% foreign ownership permitted Well-regulated banking system
No restrictions on investment sectors Foreign companies registered in Armenia
have the right to buy land