Navigate Up
Sign In
Better EAEU supranational regulation shall cut costs for entrepreneurs

Better EAEU supranational regulation shall cut costs for entrepreneurs

eec-92.jpg
9/22/2020

On September 22, the Regulatory Impact Assessment (RIA) Working Group led by Timur Zhaksylykov, Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission, met to review the Eurasian Economic Commission's draft decisions on veterinary measures, circulation of medicines, intellectual property, and customs administration.

"The changes being introduced into the Union's current legal acts should be aimed at making the conduct of business easier for entrepreneurs and reducing their costs," mentioned Timur Zhaksylykov following the working group's meeting.

Specifically, the working group backed the EEC Board's draft decision to shorten the list of veterinary checks on imports of monitored goods into the Republic of Belarus from third countries.

Following the RIA of the EEC Board's draft decision regarding the list of veterinary measures applicable to selective types of food products containing dairy ingredients, the working group, responding to feedback received from the business community during public debates, noted that the veterinary measures in question may not be any tougher than those applicable to whole milk products.

Based on the RIA findings, the EEC Council's draft decision makes a direct-action provision to refund to business entities any duties or levies they may have paid, when the registration application for a pharmaceutical product has been recalled prior to its expert evaluation.

With the enactment of the EEC Council's draft decision to ratify the Instruction appended to the EAEU Agreement on Trademarks, Service Marks and Appellations of Origin of Goods, and the list of the appropriate, legally meaningful actions, registration of these intellectual property assets will now be a "single window" procedure.

The working group's meeting also considered a set of changes to the Procedure for Filling in the Declaration for Goods.  They relate to the requirement for the Republic of Armenia and the Russian Federation to indicate in their customs declarations for goods the taxpayer ID number or code, awarded to the foreign entity in the country of its incorporation.  Introducing these changes will help extend the centralized billing system for customs duties, which uses consolidated personal accounts, to foreign entities.​