ARMENIAN GOVERNMENT APPROVES ORDER OF RECEIVING INFORMATION<br /> NECESSARY FOR DETERMINING USUAL PRICE OF COMMODITY<br />


ARMENIAN GOVERNMENT APPROVES ORDER OF RECEIVING INFORMATION
NECESSARY FOR DETERMINING USUAL PRICE OF COMMODITY

  • 30-11-2006 21:00:00   | Armenia  |  Economy
YEREVAN, NOVEMBER 30, NOYAN TAPAN. At the November 30 sitting, the Armenian government made a decision to approve the order of receiving information necessary for determining the usual price of a commodity. According to the RA Government Information and PR Department, the decision was taken in order to ensure efficient organization of the process of receiving information necessary to decide the usual price of a commodity with the aim of determining the amount of dumping and using antidumping measures on the import of commodities into Armenia. It was mentioned that in order to bring the Armenian legislation into line with the provisions of the WTO's Main Agreement on Customs and Trade, in the period preceding the country's joining, the Armenian government passed a number of laws, including the RA Law on Antidumping and Compensation Measures. The law stipulates that the import of commodities is considered as dumping if these commodities were imported into the Armenian market at prices lower than their usual ones. This fact by itself makes important the process of determining the usual price, which is impossible without receiving the necessary information which forms the basis for determining the amount of dumping and using antidumping measures directly connected to it. With the aim of organizing the receiving of information necessary to calculate the usual price in an efficient way, it was decided to stipulate the calculation procedures in a legal act.
  -   Economy