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Duty-free import of optical fiber components extended for three years

Duty-free import of optical fiber components extended for three years

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4/5/2021
On April 5, the Council of the Eurasian Economic Commission decided to extend the validity of zero import customs duty rates for polyurethane and epoxy coatings used as protective coatings for manufacturing optical fiber.

Currently, these components are not manufactured in the Eurasian Economic Union or do not meet the required quality.

The decision adopted will enable creating favorable economic conditions for manufacturing optical fiber within the Union, increasing the investment attractiveness of the relevant project, and the final product's competitiveness in the Union and foreign markets,” mentioned Vahagn Ghazaryan, Director of the EEC Customs Tariff and Non-Tariff Regulation Department.

Optical fiber is mainly used as a data transmission medium in telecommunication networks of various levels: from intercontinental backbones to home computer networks.

The new expiry date for the extended measure is December 31, 2023. The decision applies to legal relations arisen since January 1, 2021.

The EEC Board was also instructed to promptly consider the issue of extending the duty-free import of optical glass rods used as preforms.