ArmInfo.Armenia approved the protocol on cooperation of the countries of the Eurasian Economic Union with Vietnam on the exchange of customs information. The corresponding decision was made at the RA government meeting on May 23.
Presenting the draft document, Chairman of the RA State Revenue Committee David Ananyan noted that the protocol was signed on July 28, 2018. The Republic signed a document with a reservation on procedural matters. The protocol provides for the exchange of information on customs goods. The whole process should be divided into three stages. In particular, it was envisaged that as early as October of this year, the customs services will begin to exchange information about goods in the trade turnover between the countries of the Eurasian Economic Union and Vietnam, but this did not happen because the protocol was not ratified by all participants in the process.
To recall, on July 28 in Brussels, the heads of the customs services of the countries of the Eurasian Economic Union (EAEU) and the Socialist Republic of Vietnam signed the Protocol on the implementation of information exchange. As the coordinator of the negotiation process noted, member of the Board (Minister) for customs cooperation of the Eurasian Economic Commission (EEC), Mukay Kadirkulov, will begin exchanging information about goods in trade between the countries of the Eurasian Economic Union and Vietnam this October. "The information will be transmitted through the integrated information system of the Union in electronic form," said the EEC Minister for Customs Cooperation. "At the first stage, we agreed to launch experimental information exchange on the agreed list of goods. As a result of the successful implementation of the experiment, the Protocol will apply to all goods that are in the trade turnover between the EEU countries and Vietnam. " The protocol on the implementation of information exchange was developed by the Eurasian Economic Commission together with the customs services of the EAEU countries and Vietnam in addition to the Free Trade Agreement (FTA). To recall, Vietnam became the first trading partner with whom the EAEU agreed on duty-free trade on a number of goods. Regular information exchange between the customs authorities of the countries of the EEU and Vietnam will help simplify customs operations, speed up the release of goods and prevent violations of customs legislation. In turn, this will make it possible to more effectively realize the potential of the Free Trade Agreement between countries.