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14 Jan 2025 EAEU to impose anti-dumping duty on cast aluminum wheels from Japan, Thailand, Türkiye and Malaysia The Board of the Eurasian Economic Commission decided to impose an anti-dumping duty on cast aluminum wheels from Japan, Thailand, Türkiye and Malaysia. The measure will apply to both new and used wheels 13 to 20 inches in diameter inclusive, with or without tires mounted on them. It will be valid for a period of five years. The duty is set at 9.38-42.82% of the customs value, depending on the country of origin. The decision was made following the results of an anti-dumping investigation launched by the EEC's Internal Market Protection Department on March 1, 2023 at the request of the association Union of Producers, Suppliers and Consumers of Aluminum. Following the investigation, some instances of dumping imports of goods originating from the said countries and material injury to an economic sector of the Eurasian Economic Union were established. "The pricing policy of cast aluminum wheel manufacturers from the dumping countries resulted in our own companies being unable to increase the selling price of goods commensurate with the increase in their production costs in the face of their reduced domestic market share. As a result, their sales became disadvantageous, while the production became negatively profitable," explained Andrey Slepnev, EEC Minister in charge of Trade. The Decision shall come into effect after 30 calendar days have elapsed from the date of its official publication.
10 Jan 2025 EAEU and PRC update road map for trade and economic cooperation On January 10, the Eurasian Economic Commission hosted a working meeting between Vladimir Serpikov, Director of the EEC Trade Policy Department, and Liu Jin, Minister Plenipotentiary for Trade and Economic Affairs of the Embassy of the People's Republic of China to the Russian Federation. The two sides discussed the current state and prospects for the development of their interaction, the implementation status of the agreements resulting from the fourth meeting of the Joint Commission on the Implementation of the Agreement on Trade and Economic Cooperation between the Eurasian Economic Union and China, as well as the implementation of the EAEU-China road map approved in 2023. In addition, an agreement was reached to start active preparations for the fifth meeting of the Joint Commission, scheduled to be held in 2025 in one of the Union countries. "I propose to work on updating the road map this year, including the most relevant areas of cooperation, which will contribute to further growth of trade between our States," mentioned Vladimir Serpikov.
26 Dec 2024 Protocol on Amending Treaty on EAEU to Improve Mechanisms for Imposing Trade Remedies Approved At the meeting of the Supreme Eurasian Economic Council held on December 26 in the Leningrad region (Russian Federation), the Heads of State of the Eurasian Economic Union approved the Protocol on Amending the Treaty on the EAEU in terms of a special mechanism used in conducting investigations and making decisions on the application or non-application of special safeguard, anti-dumping and countervailing measures. "The main objective of the Protocol is to improve approaches to the preparation of decisions on the application of protective measures, allowing to take into account the interests of all participants in the process and to make balanced and prompt decisions, while providing maximum flexibility," mentioned Andrey Slepnev, EEC Minister in charge of Trade. Thus, the decision of the Board of the Commission to apply a measure should meet the principle of balance, which aims to exclude legitimate risks for individual EAEU countries while ensuring the protection of producers. Union producers are provided with a clearer procedure for resolving conflicts in the event of a Member State exercising its veto right over a safeguard measure. In particular, a compromise decision will be found more quickly, which will minimize the negative consequences for them while the safeguard measure is not in force. If necessary, the EAEU Court will be involved, and its conclusions will be taken into account in the final decision on the application of the measure. In turn, additional safeguards are provided for consumers of the product that is the subject of investigation: if the market situation so requires, together with the introduction of the safeguard measure, recommendations will be made to producers to prevent consumer discrimination, problems with product availability and unreasonable price increases. Another innovation is the norms on the "negative decision" of the EEC Board: if the Members of the Board object to a proposed protective measure, businesses will have the possibility to familiarize with the reasons for such a decision and, if necessary, to challenge the outcome of the case in the EAEU Court. The amendment package also includes provisions to ensure that affected Member State producers are entitled to protection even when dumped or subsidized imports do not threaten the Union as a whole. An administration procedure has been developed, which will allow introducing a measure only in respect of those goods that are intended for consumption in the territory of certain EAEU countries (in a separate market), reducing the likelihood of negative consequences for businesses of other Member States," summarized Andrey Slepnev.
17 Dec 2024 Anti-dumping duty on hot-deformed seamless pipes from PRC extended pending re-investigation The Board of the Eurasian Economic Commission has extended the anti-dumping duty on hot-deformed seamless pipes made of corrosion-resistant steel originating from the PRC until September 24, 2025 inclusive. The current measure was to expire on January 31, 2025. However, the EEC Department for Internal Market Protection received a request, which resulted in the repeated anti-dumping investigation initiated on September 25, 2024. "The EAEU regulatory framework envisages extending the current anti-dumping measure for the period of repeated investigation which should be completed within 12 months from its initiation date," mentions the EEC Trade Unit's information notice. The anti-dumping duty in respect of hot-deformed seamless corrosion-resistant steel pipes from the PRC had been imposed in accordance with Decision No. 218 of the EEC Board dated December 3, 2019. The amount of duty is 15.5% of the customs value.
11 Dec 2024 EAEU and UAE completed negotiations on economic partnership agreement Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission, and Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the United Arab Emirates, announced the completion of negotiations on an economic partnership agreement. "The EAEU is actively establishing a network of economic partnerships with friendly countries. The agreement with the UAE is an important milestone given the country's role as a global hub in the region. The agreement will give an additional impetus to trade between our countries, which is already showing unprecedented growth, as well as create a systemic basis for the development of cooperation ties," noted Andrey Slepnev. "The UAE and the EAEU are developing fruitful relations based on a shared commitment to long-term growth and economic diversification. The completion of negotiations on an economic partnership agreement will deepen our interaction and allow us to develop numerous synergies," emphasized Thani bin Ahmed Al Zeyoudi. The agreement has to undergo the appropriate internal legal procedures prior to its signing. In December 2022, the Supreme Eurasian Economic Council decided to start negotiations with the UAE. There were four negotiating rounds in 2023 and 2024. Once the Economic Partnership Agreement enters into force, preferential treatment will cover more than 90% of mutual trade and more than 85% of the commodity nomenclature.
10 Dec 2024 Andrey Slepnev: "The Draft Agreement on Electronic Trade in Goods in the EAEU has been essentially approved" A meeting of the High Level Working Group (HLWG) on e-commerce resulted in reaching consensus on the remaining problematic points, and, thus, the Draft Agreement on Electronic Trade in Goods in the Eurasian Economic Union was essentially approved. "The main objective of the agreement is to reduce the risks of barriers to the free movement of e-commerce goods due to the lack of comprehensive Union law in this area and the Member States actively developing their own regulatory framework," mentioned Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission. The Agreement stipulates that tangible and digital goods, as well as e-commerce related services, will move freely within the Eurasian Five countries. That is, the Member States will not impose on sellers of goods or marketplaces any tariff, non-tariff or other restrictions not provided for in the Treaty on the Union. On their part, marketplaces should not discriminate against sellers and buyers from other EAEU countries. To reduce the regulatory burden caused by the need to comply with the legislation of all five states simultaneously, a package of supranational rules will be adopted at the Union level. Public offers, product cards, order information to be displayed, as well as the return of goods and refunds will conform to common rules. This will be beneficial both for consumers, who will enjoy a guaranteed level of service, regardless of the country where they buy goods, and for sellers/marketplaces, as they will be able to standardize their business processes on one platform. Digitalization of e-commerce is also planned. Now mutual electronic commerce is built around traditional paper-based document flow, which creates an unnecessarily heavy burden for all market participants. To remove this limitation, the possibility of mutual recognition of electronic documents is envisaged in accordance with a basic model to be determined by the EEC Council. The agreement indicates that the rights of citizens buying goods on the Internet will be protected in accordance with the laws of the country where they are located. This will prevent proceedings under the law of other countries, which effectively deprived consumers of defending their interests. In addition, the EAEU will have a uniform time limit for the return of goods: within 14 days. Now this term varies considerably. The document also enshrines measures to restrict spam mailings, mandatory protect personal data, as well as provides tools for pre-trial dispute resolution through associations of professional market participants and consumer protection societies. This approach will allow the successful practice of flexible and fast dispute resolution existing in a number of countries to be extended to all mutual e-commerce across the Union. There are certain advantages for regulators as well: significantly simplified interaction, increased availability of open data and the possibility of establishing a joint mechanism for preventing violations of the rights of e-commerce participants. Once the basic principles of the future Agreement are agreed upon at the HLWG, the Commission moves forward to the formal procedures necessary for the domestic approval and signing of the draft document.
29 Nov 2024 EEC Council Granted Six-Month Tariff Exemption on Butter Imported to Republic of Armenia and Russian Federation The Eurasian Economic Commission's Council has decided to grant exemption from import customs duty to butter imported into the Republic of Armenia in the amount of no more than 2,000 tons and into the Russian Federation in the amount of no more than 25,000 tons. The specified customs tariff regulation measure will be in effect from the date the document enters into force until June 15, 2025. “The introduction of the measure is necessary to ensure additional supply of butter in the domestic market in order to contain prices and prevent shortages. The supplied butter can be used both for food production and retail sale,” noted Andrey Slepnev, EEC Minister in charge of Trade. He stressed that the decision would ensure a balance between supply and demand in the short term without detriment to the production of other dairy products, given the limited resource potential. In particular, imports may come from Iran and India. The tariff exemption will be provided upon presentation of confirmation issued by the authorized body of the Republic of Armenia or the Russian Federation.  The Decision shall come into effect after 10 days have elapsed from the date of its official publication.
29 Nov 2024 EAEU to Provide Tariff Exemption for Import of Cattle Meat for Industrial Processing in 2025 The Eurasian Economic Commission's Council has decided to grant a tariff exemption in the form of exemption from import customs duty in respect of certain types of cattle meat intended for the production of meat products. The matter in question is the possibility of importing these products in 2025 in the following volumes: up to 9 ths tons for the Republic of Armenia, up to 7.5 ths tons for the Republic of Belarus, up to 2.5 ths tons for the Kyrgyz Republic and up to 100 ths tons for the Russian Federation. "The customs tariff regulation measure is aimed at filling the deficit of raw meat in the Eurasian Economic Union's internal market, intended for the production of finished meat and sausage products by processing companies, reducing the cost price of such production, and keeping prices for finished products down," noted Andrey Slepnev, EEC Minister in charge of Trade. He emphasized that the tariff exemption would be granted in respect of cattle meat intended exclusively for the industrial processing and manufacturing of finished products, provided that the authorized body confirms the intended purpose of the imported goods. Such raw meat does not include high-quality beef, which is mainly produced in the internal market. The deficit of raw meat in the EAEU country is compensated mainly by imports from Latin America and India.
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