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News Armenian government to raise import tariffs on cement

Armenian government to raise import tariffs on cement

Written by Global Cement staff 25 February 2019
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Armenia: Tigran Khachatryan, the Minister of Economic Development and Investments, plans to implement tariffs on imported cement to protect local producers. A rate of around US$45/t will be imposed, according to the Arkan News Agency. In a cabinet session Khachatryan said that imports of cement had increased three times in the last year due to a ‘significant’ fall in the price of electricity in neighbouring countries and state subsidies to cement plants. He added that, subsequently, two local cement plants, with a combined production capacity of 2Mt/yr, were unable to sell even a third of their products.

Last modified on 27 February 2019
Published in Global Cement News
Tagged under
  • Armenia
  • Government
  • Import
  • GCW393

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