Armenia will join the Eurasian Economic Union (EAEU) agreement on the unified determination of goods' origin. The corresponding decision was made at the government meeting of the Republic of Armenia on Thursday.
The document will be sent to the parliament for final approval.
The agreement, signed on December 4, 2023, in Moscow, establishes common principles for determining the origin of goods.
"This will significantly facilitate trade, as goods from EAEU member states, as well as from countries with existing or planned free trade agreements with the EAEU, will undergo minimal checks and enjoy preferential trade regimes," the project rationale says.
Additionally, the unified system will simplify the procedure for documenting goods produced within the framework of joint production and industrial cooperation within the EAEU.
