Eurasian Economic Union’s Customs Code may come into effect on 1 January 2016

The Customs Code of the Eurasian Economic Union may come into effect on 1 January 2016. The information was released by Timur Suleimenov, Member of the Board (Minister) for Economy and Financial Policy of the Eurasian Economic Commission, after the fifth session of the Advisory Committee for Entrepreneurship under the Board of the Eurasian Economic Commission, on 22 August, BelTA has learned.

Timur Suleimenov remarked that participants of the session had discussed a lot of things starting with general matters concerning the main provisions of the Eurasian Economic Union Treaty and ending with those concerning the administrative barriers that emerge in various spheres. “The Eurasian Economic Commission in association with concerned agencies of the three countries is working to draft a new customs code. We have informed colleagues about the main novelties they should expect and about the timeline. The new Customs Code is expected to be approved next year and to be enforced as from 1 January 2016,” said Timur Suleimenov.

There are several principal novelties outlined by the draft Customs Code of the Eurasian Economic Union. In particular, the sides undertake to mutually recognize authorized economic operators. The sides will no longer require documents to confirm the compliance of the merchandise undergoing customs declaration with technical regulations of the Customs Union. Measures will be outlined to promote single-stop procedures and so on, BelTA reports.

Participants of the session of the Advisory Committee for Entrepreneurship under the Board of the Eurasian Economic Commission visited the transportation and logistics center Brest Beltamozhservis where they could discuss the application of the existing Customs Code with the people in charge of enforcing it. “Naturally we paid attention to the physical infrastructure of the enterprise. It was also important that customs personnel and border service personnel explained step by step how the customs clearance of imports and exports as well as transits is done. It is important for our understanding, for how we should proceed to improve and optimize the Customs Code as we amend it. I think we will take into account some of the issues raised as part of the discussion as we polish the draft,” concluded Timur Suleimenov.

 

 

Source: KazInform

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