What is new in foreign trade regulation?!

Mandatory customs Declaration of certain product groups has been canceled

Gegham Vardanyan, Minister for internal markets, Informatization, information and communication technologies of the Russian Federation, explained during the session of the Board of the European economic Commission: «Russia has canceled the mandatory customs Declaration for the following commodity groups: coal, peat, alcohols, esters, aldehydes, acids, provitamins, vitamins, hormones and others, with the exception of crude oil and petroleum products exported from Russia to Belarus.» At the same time, the Minister noted that the growth of mutual trade is one of the main tasks to eliminate barriers in the area of the Eurasian economic Union.

Import duties on 3 more types of products are now 0%

According to the decision of the Board Eurasian economic Commission of 29 April 2020 N 43 «About establishment of rates of import customs duties of the common customs tariff of the Eurasian economic Union in respect of benzyl alcohol, vanillin and ethylvanillin» rate of import duty on benzyl alcohol, vanillin and ethylvanillin reduced from 5 to 0%. The decision comes into force 30 days after the date of publication and is valid until June 30, 2022.

The temporary ban on the export of medical products was lifted

According to the Decree of the RF Government of 30 April 2020 N 637 «About recognition become invalid for some acts of the Government of the Russian Federation» removed a temporary ban on the export of medical products. Let me remind you that the list of prohibited goods included mainly protective equipment, masks, gloves, and bandages. Although the ban was supposed to be in effect until June 1, 2020, the government considered that the country has enough of these products to meet domestic needs and lifted the ban earlier than previously anticipated.

Sergey Tyurenkov,
investment consultant, lawyer, curator of international projects of the «Academy of tourism, hospitality and restaurant business».

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