ARMENIA INTENDS TO JOIN EUROPEAN CONVENTION ON CONTROL AND MARKING OF ARTICLES OF PRECIOUS METALS

Noyan Tapan

Nov 3, 2008

YEREVAN, NOVEMBER 3, NOYAN TAPAN. A working meeting on reforms
in the sector of articles made of precious metals took place at
the RA ministry of finance on November 3. During the meeting, the
Armenian-European Policy and Legal Advice Centre (AEPLAC) presented
an analysis of the EU’s and its member states’ legislative and
institutional systems on the regulation of the indicated sector,
while the RA ministry of finance made proposals on the respective
reforms to be launched in Armenia.

The purpose of these reforms is to improve state regulation of
the market of articles of precious metals and promote exports of
articles of precious metals from Armenia to European countries. Within
the frameowrk of the reforms, it is envisaged bringing Armenia’s
legislative field into line with the legislation of EU member states
and ensuring Armenia’s joining the European Convention on the Control
and Marking of Articles of Precious Metals. Armenia’s joining the
Convention will allow local producers to freely enter the EU’s jewelry
market which is currently the second largest in the world, to achieve
better protection of consumer rights and increase exports.

Representatives of the RA ministry of finance, Competitive Armenian
Private Sector (CAPS) Project, and AEPLAC, as well as economic entities
representing the sector took part in the meeting.