15 May 2024 More than three hundred applications from eleven countries were submitted to participate in the 2nd Green Eurasia International Climate Competition. The acceptance of applications for the Green Eurasia Competition has ended. Its purpose is to select the most effective practices in climate mitigation, adaptation and sustainable development. Commercial organizations, non-profit organizations, government agencies, authorities, associations and individuals of Member States of the Eurasian Economic Union and third countries will take part in the competition. The organizers of the competition are the Eurasian Economic Commission and the Agency for Strategic Initiatives (ASI). “In addition to the EAEU states, among the applications we can note projects from partner countries in the CIS (Azerbaijan, Turkmenistan), as well as from far abroad - China, Iran, Egypt, Indonesia, Cameroon,” said Andrey Slepnev, EEC Minister in charge of Trade. “The largest number of applications was submitted in the areas of low-carbon transport, energy and forest climate projects.” The Minister clarified that the next stage will be the assessment of applications by an expert group of representatives of the professional community, after which the winners and finalists will be determined by the presidium of the competition. “Since the geography of the competition this year was expanded - we accepted applications from all countries - the range of practices is truly diverse. We are confident that the competition will be a useful tool for sharing the best climate solutions. It is important that participants see the potential for replicability in each other’s practices and are able to adapt them to their needs,” said ASI General Director Svetlana Chupsheva.  The partners of Green Eurasia are Gazprombank, Promsvyazbank and the Melnichenko Foundation, each of which will highlight projects in their own categories. The results of the competition are expected to be announced at the Eurasian Economic Forum, timed to coincide with the meeting of the Eurasian Intergovernmental Council scheduled for September-October 2024 in Yerevan (Republic of Armenia).
14 May 2024 New version of the rules for determining the origin of goods from developing and the least developed countries approved The Council of the Eurasian Economic Commission has decided to modernize the rules for determining the origin of goods from developing and the least developed countries - users of the unified system of tariff preferences of the Eurasian Economic Union. The updated version contains a package of comprehensive amendments, which provide for improvement of the procedure for documentary confirmation of origin of goods, simplification of conditions for importers to obtain tariff preferences, optimization of provisions on administrative cooperation with beneficiary countries, as well as a number of other changes prepared in terms of the existing five-year law enforcement practice. In particular, the possibility to confirm the origin of goods applying for tariff preferences by a copy of the document of origin instead of its original is fixed on a permanent basis. In addition, the requirement to purchase goods exclusively from persons registered in countries that are users of the unified system of tariff preferences of the EAEU has been abolished. "The adopted decision is an effective measure to adapt the rules applied in the Union to modern trade conditions and minimize existing difficulties with confirmation to the customs authorities of the EAEU Member States of the preferential origin of the supplied goods," said EEC Trade Minister Andrey Slepnev. He added that these changes are also a continuation of the Union's consistent work on the implementation of support measures for the least developed countries, the need for which is regularly discussed on the platform of the World Trade Organization. The Decision shall come into effect after 60 calendar days from the date of its official publication.  For reference The rules for determining the origin of goods from developing and the least developed countries were approved by Decision of the Council of the Eurasian Economic Commission No. 60 dated June 14, 2018. The lists of countries-users of the unified system of tariff preferences of the EAEU are established by the Decision of the Customs Union Commission No. 130 dated November 27, 2009. The list of goods in respect of which tariff preferences are granted was approved by Decision of the Council of the Eurasian Economic Commission No. 8 dated January 13, 2017.
08 May 2024 EAEU and Mongolia begin official negotiations on duty-free trade terms Following the meeting of the Supreme Eurasian Economic Council, held in Moscow on May 8, 2024, the leaders of the Eurasian Economic Union countries supported the proposal to formally initiate negotiations on concluding a temporary trade agreement with Mongolia. “Mongolia is not just a neighbor, but also an important partner for our countries. Together with our colleagues from Ulaanbaatar, we have comprehensively studied the trade policy instruments that can be used to deepen mutually beneficial cooperation, as well as the effects of establishing a free trade regime,” Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission, commented on the decision. He clarified that this work resulted in the conclusion that at the current stage it was advisable to opt for a temporary trade agreement, within the framework of which duties in mutual trade would be abolished or reduced on a limited range of goods. This proposal was supported by SEEC Members. As previously reported, preparatory work on a temporary trade agreement between the EAEU and Mongolia has already begun and can be completed before the end of this year. “In the first quarter, we held detailed consultations with the Mongolian party and already agreed on the framework of a future trade deal. Taking into account how the leaders of the EAEU countries and Mongolia support the ongoing work, there is every reason to believe that we will be able to report to SEEC Members that the agreement is prepared for signing in the shortest possible time,” added Andrey Slepnev.
25 Apr 2024 EEC representatives discussed cooperation with ESCAP to promote digital solutions and opportunities in regional trade On April 24, representatives of the Trade Unit of the Eurasian Economic Commission, jointly with the Trade, Investment and Innovation Department of the Economic and Social Commission for Asia and the Pacific (ESCAP), held an event “Digital solutions and opportunities in regional trade: the EAEU approach” on the sidelines of the ESCAP session in Bangkok. The venue brought together leading experts from such international organizations as ESCAP, UNECE, SCO, CICA, UNCITRAL, and representatives of the business community from the Eurasian Economic Union States. Participants discussed current trends in global trade, the impact of universal digitalization on the economies of states, and prospects for developing regional cooperation. The EEC Trade Unit presented its activities. As Andrey Slepnev, EEC Minister in charge of Trade, noted in his welcome speech, the digitalization issue “is relevant for global trade policy, the UN Development Goals and is of great interest to the EAEU.” This event is making a start for mutually beneficial cooperation between the Commission and ESCAP within the Unit’s broad competence in trade. Kasymali uulu Kanybek, Deputy Director of EEC Trade Policy Department, informed the event participants about the Commission’s activities in digitalization of rail freight transportation, the implementation of a system of electronic certificates of origin of goods, and interaction with free trade partners in digitalization. “Implementation of electronic certification helps improve the efficiency of trade operations, increases consumer confidence in products and ensures the supply chain transparency,” emphasized the Deputy Director of the Eurasian Economic Commission Department. Ilya Kabanov, Head of the Section of Market Monitoring and Marking of Commodities of the EEC Tariff and Non-tariff Customs Regulation Department, noted that the most important digitalization areas in the EAEU involve introducing the product labeling by means of identification and developing the electronic commerce both within the Union and with third countries. Dmitry Maryasin, UNECE Deputy Executive Secretary, concluded based on the EEC’s presentation that there are significant prospects for developing cooperation and joining efforts to address the digitalization issues. Like ESCAP, UNECE intends to further stay a strategic partner of the Eurasian Economic Commission. The speaker emphasized it was important that the Union and other regional associations used universal norms and standards developed within the framework of CEFACT at the UN. Dmitry Murev, General Director of Russian Railways Logistics, JSC, noted that the current political situation and foreign economic relations require that we discuss optimizing transportation and developing a mechanism for its regulation, similar to the FIATA system, in particular with regard to the bill of lading. If developed, such a system will create conditions for increasing trade turnover with the countries of the Eurasian Economic Union. Russian Railways Logistics, JSC is ready to support any initiatives in this area and actively promote their implementation. Besides, Kasymali uulu Kanybek, Deputy Director of EEC Trade Policy Department, held a meeting with Rupa Chanda, Director of the ESCAP Trade, Investment and Innovation Division, on April 25. During the meeting, the parties summed up the results of the joint event held the day before, agreeing that its success underlines the importance of mutual cooperation and the significance of exchanging ideas and experience. Representatives of the EEC and ESCAP discussed plans for further cooperation between the organizations, including on the issues of analyzing the prospects for concluding trade agreements, promoting digital trade, and assessing the potential for e-commerce development in the EAEU States and partner countries.
22 Apr 2024 EEC Council extended zero import duty on terephthalic acid and its salts for two years The Eurasian Economic Commission's decided to extend for two years the zero rate of import customs duty in respect of terephthalic acid and its salts (code 2917 36 000 0 of the CN FEA of the EAEU). The goods in question are terephthalic acid, its salts and esters and are used primarily for the manufacture of polyethylene terephthalate polymers used as raw materials in manufacturing plastic bottles, films and packaging containers for the food industry. The CCT EAEU for the goods in question sets the rate of import customs duty at 5% of the customs value, which corresponds to the final binding level provided for by the obligations of the Russian Federation and the Republic of Kazakhstan within the World Trade Organization. "The temporary zeroing of the rate has a positive impact on the enterprise activities in the Eurasian Economic Union countries, enabling them to increase the volume of output, improve the environmental friendliness of production and the level of plastic waste recycling through the installation of new equipment and the implementation of state-of-the-art technologies", noted Vahagn Ghazaryan, Director of the EEC Tariff and Non-Tariff Customs Regulation Department. He emphasized that the existing capacity for the manufacture of terephthalic acid in the EAEU is currently insufficient to meet all the needs for this type of raw material. The decision shall come into effect after 10 calendar days have elapsed from the date of its official publication and shall apply to legal relations arisen since April 1, 2024. In accordance with Decision No. 21 of the EEC Council dated February 18, 2022, the zero rate of import customs duty was applied to terephthalic acid and its salts from March 24, 2022 to March 31, 2024. Besides, the zero duty on the above goods was in effect in 2014-2021.
22 Apr 2024 EAEU to grant tariff exemption in respect of small-scale LNG equipment 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 equipment and parts for the construction, equipping and maintenance of facilities for the manufacture and sale of small-scale liquefied natural gas (LNG). The tariff exemption will be granted for a period of 2 years, subject to confirmation of the intended purpose of the imported goods. "The decision is aimed at expanding the network of small-scale LNG production facilities, accelerating the pace of regional gasification, and replacing petroleum products used as motor fuel with more environmentally friendly natural gas," noted Andrey Slepnev, EEC Minister in charge of Trade. He has reminded that the Eurasian Economic Union currently implements measures aimed at increasing the investment attractiveness of projects using small-scale LNG in the internal market and developing the market of natural gas motor fuel (for agricultural and road-building machinery, road, rail and water transport) to ensure the utilization of the gas filling network to a commercially efficient level. "The primary prerequisites are the presence of a large number of gas fields at a walking distance, which are of no interest for commercial production, as well as the location of a number of potential consumers in hard-to-reach areas or far from gas supply sources. In such cases, the use of small-scale LNG is the optimum solution and will contribute to the social and economic development of the regions, ensure energy security and improve the environmental situation," Andrey Slepnev added. It is expected that implementing these projects will create several thousand new jobs, given the organization of high-tech production facilities. The Decision shall come into effect after 30 calendar days have elapsed from the date of its official publication. The tariff exemption will be granted in respect of products classified under codes 8407 90 900 9, 8418 69 000 8, 8481 10 190 8, 8481 10 990 8, 8481 30 910 8, 8481 30 990 8, 8481 40 100 0, 8481 40 900 9, 8481 80 599 0, 8481 80 639 0, 8481 80 690 0, 8481 80 739 9, 8481 80 790 0, 8481 80 819 9, 8481 80 850 8, 8481 80 870 0, 8481 80 990 7, 8505 11 000 0, 8505 19 900 0, 8505 90 200 9 and 8505 90 900 0 of the CN FEA of the EAEU. The rates of import customs duties of the CCT EAEU on these goods range from 5% to 15%.  
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