In 2023, the amount received by Armenia from the shared “pot” of the Eurasian Economic Union (EAEU) exceeded the 2022 indicator by 32 percent, as reported by Karen Tamazyan, Deputy Chairman of the State Revenue Committee of Armenia, during a press conference on January 12.

“As you know, the customs duties collected from Armenia are transferred to the EAEU shared ‘pot,’ and from there, under the share of Armenia, which is 1.22 percent, is transferred to the state budget. In this regard, the indicators are as follows: During 2023, about 187.5 billion drams were collected by Armenia and transferred to the EAEU shared budget, but Armenia received about 73 billion drams from the EAEU, i.e., 114 billion drams (about 61 percent) less,” Tamazyan said.

He mentioned that the growth in this sector was recorded in the import of vehicles, household appliances, computer equipment, tobacco products, alcoholic and non-alcoholic beverages, as well as in fuel lubricants, including gasoline and fuel.

In this context, it is noteworthy to mention that during the Vibrant Gujarat Global Summit in the Indian state of Gujarat, Armenia’s Minister of Economy, Vahan Kerobyan, held discussions with India’s Minister for Ports, Shipping and Waterways, Sarbananda Sonowal. During the meeting, Kerobyan emphasized that Armenia has the potential to serve as a transit country for India towards the EAEU and European countries.