Russia’s economy ministry commissions study for gauging effect from joining of some CIS countries to customs union

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Economy

26.09.2013, 18:47

Russia’s economy ministry has released 2.15 million rubles to commission a study for gauging the effect from joining of some CIS countries to the Customs Union of Russia, Belarus and Kazakhstan.

Russia’s economy ministry commissions study for gauging effect from joining of some CIS countries to customs union

YEREVAN, September 26. /ARKA/. Russia’s economy ministry has released 2.15 million rubles to commission a study for gauging the effect from joining of some CIS countries to the Customs Union of Russia, Belarus and Kazakhstan.

The study will assess changes in customs regimes of Armenia, Kyrgyzstan and other countries which will be named by the ministry after the launch of the study.

“The difference between the present import tariffs in CIS countries and the Customs Union’s single tariff creates different negotiation conditions and therefore requires quantitative assessment,” Novosti-Armenia cites the ministry’s document referring to RIA Novosti. “In this connection, it is necessary to assess how the accession will change the amount and the cost of customs duties of the countries.

The study has to be completed before December 15, 2013. Applications for participation in the tender are accepted until October 28. Results of tender will be announced on November 5.

In early September, Armenian President Serzh Sargsyan and his Russian counterpart, Vladimir Putin, made a joint statement, according to which Armenia has decided to join the Customs Union and to take part in formation of the Eurasian Union in the future.

Kyrgyzstan’s government filed its official application for membership in the Customs Union in spring 2011 and is expected to obtain it later this year. Kyrgyzstan’s authorities expect that the country will get certain preferences from this membership. ---0----

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