As of 29 June, the Agreement on a Unified Customs Transit System of the Eurasian Economic Union and third countries has entered into force. Source: Eurasian Economic Commission (EEC).
Implementation of the agreement will upgrade transit administration within the EAEU and allow interested non-Union countries to join the system.
Its provisions draw on international best practice and establish a new level of cooperation between customs authorities of EAEU and third countries in monitoring transit shipments, creating additional opportunities for cross-border trade.
Key innovations include integration of customs IT systems to exchange data on transit declarations, control results and shipment status. Interaction will rely on a unified transit declaration with a common format and completion rules for all parties. The agreement provides for electronic navigation seals and mutual recognition of customs control outcomes.
EEC Minister for Customs Cooperation Sergey Shklyaev said that extending the system to third countries will improve security and transparency of cross-border shipments, enable seamless logistics across the Eurasian space and substantially cut business costs for cargo delivery. Simplified transit procedures, he added, will make routes across the EAEU and partner countries more attractive and broaden the geography of supplies.
