The Protocol obliges Kazakhstan to take measures to prevent the export to other member States of the EAEU of the goods issued at reduced rates of import customs duties.
MOSCOW, 18 Dec. The state Duma adopted the law on ratification of the Protocol on certain aspects of importation and distribution of goods in the customs territory of the Eurasian economic Union (EEU) which was signed in connection with accession of Kazakhstan to the world trade organization (WTO).
The Protocol was prepared by the Eurasian economic Commission jointly with the authorities of Russia, Armenia, Belarus, Kazakhstan and Kirghizia in connection with accession of Kazakhstan to the WTO to minimize the risks for the economies of member States of the EAEC and the functioning of the single market for goods. Kazakhstan will be officially recognized by the 162 member organizations on December 15.
In accordance with Russian legislation, the Protocol is subject to ratification because it contains rules different from those stipulated by the Russian legislation.
The Protocol obliges Kazakhstan to take measures to prevent the export to other member States of the EAEU of the goods issued at reduced rates of import customs duties. In addition, it defines a General scheme of circulation of goods, for which Kazakhstan may apply reduced rates of import customs duties, the mechanism of administration and control over the circulation of such goods.
The Protocol was signed by heads of member States of the EAEU Supreme Eurasian economic Council on October 16, 2015.