The EEU states believe to approve Customs Code this year

The draft agreement on the Customs Code of the Eurasian Economic Union (EEU) was submitted for domestic legal procedures in the Member States last week
The EEU states believe to approve Customs Code this year
22 August 11:20 2016 Print This Article

The long-awaited agreement on the Customs Code of the Eurasian Economic Union (EEU) is expected to be signed by the end of the year, reports BelTa with reference to the press service of Belarus’ State Customs Committee.

Last week, after the Eurasian Intergovernmental Council meeting of August 12, the draft agreement of the Code was submitted for domestic legal procedures in the EEU member states. The governments were instructed to complete the domestic harmonization of the document by September 20, as it is supposed to be signed at the Supreme Council meeting in December this year.

Unlike the current customs legislation, the draft Customs Code is a comprehensive and codified international treaty. When working on the draft, the experts reviewed the international treaties governing customs matters, as well as considered the existing procedures and methods of performing customs operations, and changed the approaches to the use of information technology in customs operations.

“We can say that the draft Customs Code of the EEU is fully based on electronic document circulation in customs matters: electronic declaration, automated registration of a customs declaration, automatic release of goods, and application of an one-stop shop principle,” the press service said.

Earlier, the Prime Ministers also ordered to prepare the draft Customs Code of the EEU for signing before the end of October this year.

The Customs Code of the EEU is a core document that regulates customs legal relations in the territory of the EEU. The draft of the Code was developed jointly with government agencies and business communities of the Eurasian ‘five’ and was approved during the session of the Eurasian Intergovernmental Council held August 12. The text of the draft Customs Code is available on the legal portal of the EEU.

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