Haykakan Zhamanak: Banana Prices Rise In Armenia

HAYKAKAN ZHAMANAK: BANANA PRICES RISE IN ARMENIA

11:18 22/04/2015 >> DAILY PRESS

The banana prices in Armenia have risen by more than 10 percent
compared with December 2014, Haykakan Zhamanak reports citing the
National Statistical Service of Armenia.

“This is noteworthy as Armenia became a full member of the Eurasian
Economic Union (EEU) on January 2 and banana is among the rare products
for which the EEU customs duties are lower – 5 percent against 10
percent before Armenia’s accession to the EEU.

“In other words, after Armenia’s accession to the EEU, the cost of
customs clearance of banana decreased by 5 percent and the cost price
of the product declined in the same amount. However, the official
statistical data show a 10 percent increase of banana prices,” the
newspaper says.

Source: Panorama.am

From: Baghdasarian