Sectorial Brochure Pharmaceutical Sector of Armenia/ BA - Page 6

1 TRADE OPPORTUNITIES ACCESS TO A CONSUMER MARKET WITH 1.5 BILLION PEOPLE WITH 0% OR REDUCED CUSTOMS DUTIES EAEU (Russia, Kazakhstan, Belarus, Kyrgyzstan) - 0% tari rates, 183.4 million FTA with Iran & Vietnam - 0% or reduced tari rates, 172.9 million 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 FTA with CIS & Georgia - 0% tari rates, 98 million (EAEU excluded) Free Economic Zones (FEZ) 1 2 3 “ECOS” FEZ (since 2018) 4 Tax exemption in FEZ £ VAT - 0% £ Profit tax - 0% (only employees’ compensation) £ Property tax - 0% (property includes all tangible real estate property: house, o building, and property rented to others) £ Corporation income tax - 0% (tax imposed on the net income of the company) £ Customs duty - 0% There are also on site “one stop” services and custom registrations 5 ce