Duty-free import of BELAZ engines to be continued

The Eurasian Economic Commission’s Council has extended the term for applying zero rate of import customs duty for certain types of internal combustion engines up to and including December 31, 2022.

The measure is aimed at maintaining favorable conditions for developing the Belarusian manufacturer of mining vehicles – BELAZ, OJSC as well as maintaining the competitiveness of its products both in the internal and foreign markets.

Nowadays, the import customs duty of the CCT EAEU in respect of these goods is 5% of the customs value.

"When adopting the decision, an arrangement was taken into account on logistic setup of engines manufactured by the EAEU countries’ enterprises for dump trucks of the 240-tonne size class as well as on addressing the issue of using such engines in the manufacture of mining vehicles of the 200-tonne size class", noted Andrey Slepnev, EEC Minister in charge of Trade.
According to him, the Russian Federation and the Republic of Belarus pursue active negotiations on developing cooperation and engine manufacture in the Eurasian Economic Union.

The document shall come into effect after 10 calendar days have elapsed from the date of its official publication.

For reference

The import customs duty at the rate of 0% of the customs value was applied to the internal combustion engines in question during the period from October 3, 2014 to December 31, 2021.