The agreement on a unified customs transit system between the Eurasian Economic Union (EAEU) and third countries has entered into force. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
This was announced by the Eurasian Economic Commission. According to the Commission, the norms of the document are based on global best practices and allow for a new level of interaction between customs services of EAEU countries and third states in the field of transit cargo control.
It also opens up additional opportunities for the development of cross-border trade. "The introduction of the EAEU unified customs transit system, including the accession of third countries, will increase the safety and transparency of cross-border transportation, ensure the continuity of cargo transportation in the Eurasian space, and significantly reduce business costs for delivering goods to their destination," said Sergei Shklyaev, Minister for Customs Cooperation of the EEC.
One of the important innovations of the agreement is the integration of information systems of customs authorities of EAEU countries and third states. This will facilitate the exchange of data on transit declarations, customs control results, and cargo status. "Interaction will be carried out on the basis of a common transit declaration filled in a single format for all parties to the agreement," the EEC noted.
The agreement also provides for the use of electronic seals as a modern means of transport control. In addition, the document provides for a mechanism for mutual recognition of customs control results. According to the EEC, the EAEU unified customs transit system will help expand the geography of supply routes. Simplified transit procedures increase the attractiveness of routes passing through the customs territories of the EAEU and third countries, opening access to new markets.