Sectorial Brochure Textile & Apparel Industry of Armenia/BA | Page 7

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)
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“ECOS”
FEZ
(since 2018)
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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)
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£ 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
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