Armenia`s Cabinet approves Agreement on unified system of customs  transit of EAEU and third countries

ArmInfo.  On July 31, the Government of Armenia approved the draft decree of the President of the Republic of Armenia on the approval of the Agreement on the unified customs transit system of the Eurasian Economic Union and a third party (third parties).

The document, the proposal for signing of which was approved by the  Armenian Cabinet of Ministers on March 14, 2024 (was signed on  December 26, 2024 in St. Petersburg), defines the basic principles of  the functioning of the unified customs transit system of the Union  and a third party (third parties). The main objective of the  Agreement is to ensure , that is, the most convenient  logistics for all market participants in transportation by increasing  the connectivity of territories and reducing business overhead costs  for cargo delivery. In essence, we are talking about accelerating and  reducing the cost of transportation as a result of the introduction  of digital technologies, reducing the risk of errors in delivery,  which is especially important for the end consumer.

The practical implementation of the provisions of the Agreement on  ECT after its adoption will simplify and optimize the transportation  procedure, both by minimizing the actions of control services and by  reducing business overhead costs.

As the head of the State Revenue Committee of Armenia Eduard Hakobyan  stated when presenting the document, the unified customs transit  system will allow the transit declaration to be submitted only once.

This will be achieved through the use of a single transit declaration  in the form of an electronic document; the use of a single security  for the fulfillment of the obligation to pay customs duties, taxes,  special, anti- dumping, countervailing duties; the use of individual  special simplifications provided to authorized economic operators of  the Union countries and third parties. In addition, these goals will  be achieved through the use of navigation seals to track the  transportation of goods along the entire route of transported  (transported) goods in accordance with the customs procedure of  customs transit through the customs territory of the Union and the  customs territories of third parties, as well as mutual recognition  of decisions taken by customs authorities and the results of customs  control.

"This increases the transit potential of the Union countries. In the  case of Armenia, the potential will be increased if neighboring  countries, in particular, join the system," Hakobyan noted.

In addition, the head of the State Revenue Committee of the Republic  of Armenia pointed out that since Armenia does not have a common  border with the EAEU countries, there is a need to obtain the consent  of countries that are not members of the Union in terms of using  navigation seals to track the transportation of goods along the  entire route of the transported (transported) goods. Currently,  intensive negotiations are underway with colleagues from Georgia to  understand how this will happen, he added.

The draft Agreement on the unified system of customs transit of the  EAEU and a third party (third parties) was prepared jointly by  experts from the ministries and departments of the Union states and  the Commission as part of the implementation of the Strategic  Directions for the Development of Eurasian Economic Integration until  2025.