Armenia introduces measurable cultural asset export procedures

ArmInfo.  The National Assembly of Armenia discussed draft amendments to the law "On State Duty" in its second reading at its plenary session on April 14.

Alfred Kocharyan, Deputy Minister of Education, Science, Culture, and  Sports of the Republic of Armenia, noted that the proposed legal  provisions aim to align cultural asset export processes  with EAEU  standards.  The Deputy Minister emphasized that the amendments  in  the draft law intend to establish clearer and more measurable  procedures for the export of cultural assets. The proposal includes  the introduction of new types of state duties for cultural asset  export procedures. 

Specifically, the draft law suggests differentiating state duties  levied by customs authorities for cultural assets. The base price for  a single item has been set at 10,000 drams, and for two or more items  it is 15,000 drams. According to the deputy minister, the adoption of  the draft law and its implementation will have a positive impact on  the business and investment environment, given that the proposed  provisions will streamline customs formalities. Furthermore, the  proposed legal norms aim to align with the regulations of the Treaty  on the Eurasian Economic Union.