Armenia extends ban on exports of non-ferrous scrap metal for 6 months

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YEREVAN, November 7. /ARKA/. Armenia has extended the ban on the export of ferrous and non-ferrous scrap metal for an additional 6 months. The decision was made at a government meeting on Thursday./pp

The ban applies to the transportation of these goods to EAEU member states and third countries./pp

The government notes that this decision was made in response to the need to regulate the export of used goods made from ferrous and non-ferrous metals, develop local production, secure the raw material base, and stimulate the activities of Armenia’s manufacturing industry by attracting new investments./pp

In recent years, due to high prices on the common EAEU market, there has been an intensification of the export of ferrous and non-ferrous scrap metals from Armenia. Additionally, some EAEU countries have also banned or restricted the export of ferrous and non-ferrous metals, including to fellow member states of the Union, the rationale for the decision states. -0-/p