Customs Union to introduce tariffs of its first WTO member

MINSK. March 29. KAZINFORM The Customs Union will introduce customs tariffs of its member state which first joins the World Trade Organization, member of the Board of the Eurasian Economic Commission (EEC) Sergei Sidorsky said in a meeting with Belarusian bankers at the Belarus-1 TV Channel on 28 March, BelTA said.

It has been agreed that customs tariffs in the Customs Union will depend on its first WTO member, and, apparently, it will be Russia. For Belarus it will affect first its engineering products including the agricultural engineering industry as well as other goods used today in different economic sectors of the country. "These goods will be crossing our external frontiers at lower customs rates," Sergei Sidorsky said.

The Belarusian official also said that the meeting with Belarusian businessmen and bankers focused the issues related to the technical, economic and commercial policies in the near-term outlook taking into account the countries' movement towards the Single Economic Space. The main goal the EEC sets forth is to help the national producer integrate and preserve its best practices.

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