The Customs code signed by the EEU states’ heads to come into force in mid-2017
Almaty. December 27. Silkroadnews – The Customs code of the Eurasian Economic Union (EEU) has no alternative and will come into force from July 2017, Russian media write.
On Monday the members of the union – Nursultan Nazarbayev, Vladimir Putin, Serzh Sargsyan and Almazbek Atambayev – have signed a new version of the Customs Code. The parties have also agreed to begin the gradual decline of the threshold for duty-free goods imported from foreign Internet stores to the EEU states in a year after the new customs code enters into force, that is in 2018.
The new EEU Customs code is expected to enter into force on July 1, 2017 and will replace the Customs Code of the Customs Union adopted in 2009. The document aims to lay the necessary foundations for the transition to a common customs regulation within the EEU.
The new code provides for more convenient in terms of business interaction with government agencies algorithm that minimizes the paper work and physical contact of the foreign trade participants with the officials. The customs operations are also got maximum unified for all the states of the union.
