The Eurasian Economic Union (EAEU) is an international organization of regional economic integration. Armenia has been a member of the EAEU since 2015.
Other EAEU member countries are the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation:
The structure of the Eurasian Economic Union ensures the free movement of goods, services, capital and labour, as well as the implementation of a coordinated, coordinated or unified economic policy.
This body was created for the purpose of multilateral modernization of national economies, cooperation, increasing competitiveness and creating sustainable conditions for increasing the viability of the population of the member States.
The main objectives of the Union are to create conditions for the sustainable development of the economies of the member States, the desire to form a single market for goods, services, capital and labour within the Union, multilateral modernization in the global economy, cooperation and improving the competitiveness of national economies.
As we note, one of the important areas of interaction between the member states of the Eurasian Economic Union is the economy and trade relations. They also regulate the accrual and distribution of import customs duties on the territory of the EAEU, the establishment of trade regimes with respect to third countries, statistics of foreign and mutual trade, macroeconomic policy and other economic issues.
In order to strengthen economic relations, the Customs Code of the Eurasian Economic Union was signed in 2016. This is an interstate agreement to which the member states of the Eurasian Economic Union are parties.
Exporters of goods and services of the Eurasian Economic Union should know several important facts. The Eurasian Economic Union implements a single customs regulation. This includes the movement of goods across the customs border of the Union, the presence of these goods in the customs territory of the Union or beyond its borders and the procedure and conditions for their use, the arrival of goods into the customs territory of the Union, their loss, temporary storage of goods, customs declaration and customs operations related to their release. The regulatory bodies of the customs field also include the establishment of the procedure for the payment of customs duties, anti-dumping, countervailing duties and customs control.
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