The Customs Union, which began in October 2007, represents a mutually beneficial partnership between the several states that regularly trade with each other. The certificate of the customs union is a permissive document for goods, raw materials, and equipment inside the union. The advantage of this association between Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia, is a significant facilitation of trade activity through the reduction of or complete elimination of customs duties.
The management of the Customs Union is carried out by an intergovernmental commission, which includes representatives of all the member countries. According to these agreements, this body conducts its business from the capital of Russia.
WHAT IS THE CERTIFICATE OF THE CUSTOMS UNION?
In order to ensure proper control over the quality of goods moving between the member states of the Customs Union, a modern system for their certification has been developed, determining compliance with all applicable standards.
Manufacturing companies for products sold within the CU, after passing this procedure, receive a certificate of the Customs Union.
This document gives them the right to freely trade with any of the countries within the association on the most favorable terms for themselves.
- No need for a document for each separate country;
- Significant reduction in time for the certification procedure;
- Acceleration of trade turnover between countries, which has a positive impact on their economies;
- A significant increase in the volume of sales for individual companies and the emergence of prospects for their development.