The Eurasian Economic Commission's Council approved the Agreement on the common system for customs transit between the Eurasian Economic Union and third party (third parties).
The document defines the main principles of the common system for customs transit between the Union and a third party (third parties).
The practical implementation of the Agreement on the CSCT after its adoption will simplify and optimize the transportation procedure, both by minimizing the actions of regulatory services and by reducing business overhead costs.
This will be achieved through the use of a single transit declaration in the form of an electronic document; the application of common security for fulfilling the obligation to pay customs duties, taxes, special, anti-dumping and countervailing duties; and the use of certain special simplifications granted to authorized economic operators of the Union and third parties. Besides, these objectives will be achieved through the use of navigation seals for monitoring the transportation of goods along the entire route of transported (shipped) goods under the customs procedure of customs transit through the Union's customs territory and the customs territories of third parties, as well as mutual recognition of decisions adopted by customs authorities and the results of customs control.
The draft Agreement on the common system for customs transit between the EAEU and third party (third parties) was prepared jointly by the experts from the Ministries and Departments of the Union States and the Commission as part of implementing the Strategic Directions for Developing the Eurasian Economic Integration until 2025.
The Agreement has been sent to the EAEU States for internal legal procedures required for its signing.