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EEC completes work on creating system for determining origin of goods when exported to third countries
Arrangements to send the draft Agreement on a harmonized system for determining the origin of goods exported from the Eurasian Economic Union's customs territory to the internal legal procedures required to organize its signing were reached by members of the Eurasian Economic Commission's Council at a meeting in Moscow.
The Agreement is intended to unify the approaches of the Eurasian Economic Union countries in determining and confirming the origin of goods as part of their export beyond the EAEU customs territory, including if the Member States have export regulation measures that depend on the origin.
“In addition to organizing efficient work when declaring exports, the document will also promote the access of the Eurasian goods to third markets by creating unified mechanisms for documenting the origin of products exported from the Union and the interaction between exporters and organizations that issue certificates of origin,” noted Andrey Slepnev, EEC Minister in charge of Trade.
Besides, the Agreement will become the starting point for implementing a system of self-declaration of the goods' origin in the Union, which will enable simplifying the process of obtaining tariff preferences under free trade agreements between the EAEU and third countries.
After the Member States complete all the procedures required, the draft document will be submitted for signing planned to be carried out at the level of the Eurasian Intergovernmental Council.
For reference
The draft Agreement on a harmonized system for determining the origin of goods exported from the EAEU customs territory was elaborated in accordance with Paragraph 3.1.7 of the Strategic Directions for Developing the Eurasian Economic Integration until 2025. According to the Action Plan for implementing these Strategic Directions, the Agreement should be signed by the Member States this year.
