Armenian government approves draft agreement of Customs Code of Eurasian Union

ArmInfo. The Armenian  government has approved draft agreement on Customs Code of the  Eurasian Union.

Head of State Revenue Committee of Armenia Vardan Harutyunyan stated  that the code regulates all the customs relations related to import  and export of goods from the EEU countries into third countries.   Economic entities will be given an opportunity to use common customs  legislation in the countries of the Eurasian union. The document  envisages online customs declaring of goods. In this case according  to Harutyunyan it will be easier and faster for businesses to fill  them and for customs officers to increase efficiency of the process  of customs control. Armenia plans to fully pass to online  declarations from 2020.  Customs Code will allow Armenia creating a  free economic zone, which will increase investment attractiveness of  the country, he noted. 

Armenia's Prime Minister Karen Karapetyan noted that the Customs Code  is a quite important document.  "It is necessary to at most adapt the  customs code to the local legislation making the mechanisms of use  maximally available", Karapetyan stated emphasizing the importance of  the fact that the Customs Code sets forth Armenia's right to create a  FEZ on the border with Iran. 

It is planned to approve the Customs Code of the Eurasian Economic  Union on the summit in Saint Petersburg on December 26, Vladimir  Putin stated at the meeting with the Chairman of Eurasian Economic  Commission Collegium Tigran Sargsyan. The Russian President noted  that the agreements, which exist today are only a basis for free  transportation of goods, capitals and people within the EEU. Adoption  of the new Customs Code will become an important step for forming a  common economic space.