Russia-Kazakhstan customs union code takes effect on Jul 1

01.07.2010 (12:56)

The key customs code of the Russia-Kazakhstan customs union is taking effect on Thursday, July 1st.

A draft bill on the code’s ratification by Belarus, the third partner comprising the union, was submitted on June 8th but yet no reports have been made on whether Minsk has approved the code.

Apparently, Belarus plans to announce its decision at a EurAsEc summit in Astana next Monday. Minsk has been refusing to ratify the code until Moscow drops its export duty on oil and oil products for its union partners. Russia is ready to remove export duties on products Belarus needs for domestic consumption.

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