I believe the ban on the import of Turkish goods will be extended, says Deputy Prime Minister

Turkey has lost its privileged status in the EAEU, initiated by the Armenian side. The process has been quite challenging, but ultimately the clash of interests has resolved the issue in that spirit. This was announced by Armenia's Deputy Prime Minister Mher Grigoryan during a session in the National Assembly.

Alan Simonyan inquired about whether the ban on the import of goods from Turkey will continue, adding that entrepreneurs claim that the ban has led to increased import costs from other countries.

The Deputy Prime Minister stated that they have been very cautious on this issue, which is why the ban has not been applied to the import of raw materials: "The problem you mentioned may arise for those importing final consumption goods. Moreover, issues do not arise from the prices of the same goods worldwide, but mainly from logistics. However, logistics costs are not the main issue compared to duration, as in the trade cycle, when the same product is brought from China or Turkey, it arrives later from China," Grigoryan said, adding that circulating funds are moving more slowly, and in essence, the interest rate is increasing.

Regarding the extension of the ban, the Deputy Prime Minister said, "From the perspective of desires, impressions, and potential voting, I can confidently say that at this moment, the general mood is to extend it."