Thursday, May 2 2024 19:27
Naira Badalian

Government approves ratification of agreement on determining origin  of goods exported from EAEU

Government approves ratification of agreement on determining origin  of goods exported from EAEU

ArmInfo. At a meeting on May 2, the Armenian Cabinet approved the draft law "On the ratification of the  "Agreement on a harmonized system for determining the origin of goods  exported from the customs territory of the EAEU".

After the agreement comes into force (signed on December 4, 2023 in  Moscow), as previously reported by the EEC, foreign trade  participants exporting goods to third countries will have a document  containing all the basic provisions on working with origin. This will  help solve two problems simultaneously - simplifying access of  Eurasian goods to foreign markets and preventing the emergence of  barriers in the internal market of the Union>.

The agreement is aimed at creating uniform mechanisms for documentary  confirmation of the origin of products exported from the EAEU and  establishing uniform rules for the interaction of exporters with  organizations that issue certificates of origin of goods.

In addition, the document lays the legal basis for the formation of a  new institution in the Union that allows confirming the preferential  origin of goods supplied to the EAEU free trade partner countries in  a simplified format - the institution of authorized exporters.

Foreign trade participants who have received this status will be able  to enjoy tariff preferences without the need to obtain certificates  of origin for their goods. Thus, after receiving the appropriate  authorization, instead of certificates, the receipt of which involves  the need to contact authorized organizations, they will be able to  draw up documents on their own, saving both their own time and  financial resources.

An important role in the Agreement is also assigned to the issues of  determining the origin of goods to which export regulatory measures  are applied. A seamless internal contour is being created at the  customs border of the EAEU, the emergence of which will allow the  five countries to take a fresh look at the possibilities of  fine-tuning export regulatory measures, thereby minimizing  restrictions that periodically arise in mutual trade.