ArmInfo. The signing of the Agreement on the Customs Code of the Eurasian Economic Union (EEU) was completed. The countries of the EEU are proceeding to internal procedures prior to the ratification of the document. The new Customs Code will come into force after the Eurasian Economic Commission (EEC) receives notifications of ratification of the Agreement from all five participating countries.
The Customs Code of the EEU is one of the main documents of the legal framework of the Union. The Treaty on the Eurasian Economic Union states that customs regulation is carried out in accordance with the Customs Code of the EEU. It will replace the existing Customs Code of the Customs Union and international agreements on customs regulation, which were concluded in the formation of the legal framework for the early stages of economic integration - the Customs Union and the Common Economic Space.
The Customs Code of the EEU will increase the level of unification and harmonization of customs regulation in the Union. "Now many processes will be automated," Tigran Sargsyan, Chairman of the Board of the Eurasian Economic Commission, believes. Communication of entrepreneurs and Customs officers will be reduced to a minimum. Representatives of our business eagerly awaited the document. After the entry into force of the Customs Code, we expect a significant improvement in the business climate in the EEU."
The document legislatively fixes the transfer of the system of customs administration of foreign economic activity in the Union from "paper" to electronic technologies. Such an approach will significantly save the resources of the business, accelerate the process of passing customs formalities, and also actually exclude "human factor" in decision-making at all stages - from registration of the declaration to release of goods.
Work on the new CC was conducted for three years. The Customs Code of the EEU was the first agreement in the legal framework of the Union, which at all stages was developed jointly by the Commission, state bodies and business communities of all five participating countries. Previously, business was involved in documents of this level already at the stage of domestic coordination.
