Tuesday, September 10 2024 16:09

ArmInfo. On September 10, the Armenian Parliament approved the draft law "On ratifying the "Agreement on a Harmonized System for Determining the Origin of Goods Exported from the Customs Territory of the EAEU." After the agreement enters into force (signed on December 4, 2023 in Moscow), 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 at once - simplifying the access of  Eurasian goods to foreign markets and preventing the emergence of  barriers in the Union's internal market>. 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 interaction between exporters and organizations that issue  certificates of origin.

In addition, the document lays the legal basis for the formation of a  new institution within the Union that allows verification of the  preferential origin of goods being supplied to free trade partner  countries of the EAEU in a simplified format: the institution of  authorized exporters.  Participants in foreign trade who have  obtained this status will be able to benefit from tariff preferences  without having to obtain certificates of origin for their goods.  Thus, after receiving the appropriate authorization instead of  certificates, the receipt of which is associated with the need to  contact authorized organizations, they will be able to issue  documents independently. This will save them time and financial  resources.

An important role in the Agreement is also given to issues of  determining the origin of goods, in relation to which export  regulatory measures are applied. A seamless internal contour is being  created at the customs border of the EAEU, which will enable the five  countries to reevaluate the possibilities of adjusting export  regulatory measures, thereby minimizing the restrictions that  periodically arise in mutual trade.  Armenian parliamentarians also  approved the ratification of the agreement on the rules for the  issuance, circulation and cancellation of warehouse receipts for  agricultural products within the EAEU.

The agreement was signed in Moscow on July 31, 2023, by  representatives of the governments of Armenia, Belarus, Kazakhstan,  Kyrgyzstan and Russia. The document establishes the legal framework  for cooperation in  issuance, circulation and cancellation of  warehouse receipts for agricultural products. We are talking about  uncertificated non-emission securities certifying the right to  receive agricultural products from a warehouse. Their quantity and  quality are determined upon the issue of this paper. Warehouse  receipts also provide the right to demand the fulfillment of  obligations secured by collateral.

The document allows for mutual recognition by member states of the  EAEU warehouse receipts issued in these countries that meet the  requirements of the agreement. The document establishes uniform  approaches to the circulation and cancellation of certificates,  outlines requirements for the standard form of a public storage  agreement, provides directions for ensuring state control in this  area, specifies mandatory information contained in a warehouse  certificate, and lists of information that must be made available on  the Internet regarding the operation of the national system for the  circulation of warehouse certificates.