ARMENIALogistic and forwarding services in Armenia
Armenisch (Amtssprache), Russisch
Gross national product (GNP)
USD 10.6 Mrd.
GNP per person
Financial exports to Switzerland
CHF 32.5 Mio.
Financial imports from Switzerland
CHF 7.5 Mio.
Bilateral relations Switzerland–Armenia
Relations between Switzerland and Armenia are excellent. Switzerland provides Armenia with both technical cooperation and humanitarian aid. Switzerland is also involved in helping resolve the conflicts in the South Caucasus region.
Economic relations between Switzerland and Armenia are modest. Switzerland exports mostly pharmaceuticals and watches, and imports products for the watch-making industry and textiles.
English, German, Russian.
Dimensions and weights
1 Dram (ARD) = 100 luma (LM), ISO code: AMD
Weapons embargo (OSCE).
Imports are liberalised, no licences required, no quotas known. Authorisations are required for certain goods such as pesticides, medicinal products, radioactive substances, weapons, narcotics, wild plants, wild animals, radio devices at certain frequencies and measuring devices. Foreign currency controls have been strengthened.
The use of foreign currencies for payment transactions within the country is fundamentally prohibited.
VAT rate: 20%.
The foreign currency market is liberalised and the exchange rate is no longer controlled. The use of foreign currencies for all transactions has been approved. Payments for imports are generally made by the commercial banks by means of irrevocable letters of credit.
Standard VAT rate: 16%
Imports are subject to controls from USD 2.500. The certificate number must be communicated to the shipping or air freight agents before loading.
Terms of payment and tenders
The issue of foreign currencies is the responsibility of the Armenian Central Bank.
Payment in advance or an irrevocable letter of credit are recommended as a payment condition.
Standard markings are sufficient.
Special labelling regulations apply to foods. Otherwise a product description, net weight, components/additives, date of manufacture, expiry date, an indication of the nutritional value and special storage conditions must be indicated.
The packaging must be durable.
No special labelling regulations known.
Shipping and accompanying documents
Standard, and for freight shipments (rail, lorry):
a) Commercial invoices, three copies, signed, with all standard information including the country of origin, certified by CICs (chambers of industry and commerce).
b) Certificate of origin, four copies generally required, country of origin in the case of Swiss goods “Swiss” or “European Union” for goods originating from UE.
c) Rail shipments: 1 international consignment note.
d) Postal shipments: maximum weight 20 kg, 1 international dispatch note, 3 customs declarations (French, English, Russian).
e) Declaration of conformity for certain goods (e.g. meat, dairy products etc.)