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EEC Council extended simplified procedure for confirming origin of goods from developing and least developed countries
The Eurasian Economic Commission's Council decided to extend for one year the current simplifications in granting tariff preferences for goods imported from developing and least developed countries. The relevant simplifications are envisaged by Decision No. 33 of the Commission's Council dated March 17, 2022 and should have been applied until December 31, 2023.
In particular, the possibility of using copies of certificates of origin has been extended (subject to the mandatory subsequent submission of the original document within six months).
Besides, the condition of direct procurement of goods that consists in concluding a direct contract between an economic entity from the EAEU country and an economic entity from a developing or least developed country will not apply until December 31, 2024.
"The adopted decision will enable importers to continue using the well-established simplified mechanism for confirming the origin of goods in order to overcome the negative phenomena persisting in foreign trade," explained Andrey Slepnev, EEC Minister in charge of Trade.
Earlier, the Commission's Council adopted Decision No. 120 dated October 20, 2023, envisaging the extension of the simplified procedure for documentary confirmation of origin of goods imported from the EAEU partner countries under free trade agreements.
