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Russian Cabinet approves joint customs code with Kazakhstan, Belarus

© RIA Novosti . Alexei Nikolskiy / Go to the mediabankRussian Cabinet approves joint customs code with Kazakhstan, Belarus
Russian Cabinet approves joint customs code with Kazakhstan, Belarus  - Sputnik International
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The Russian government approved on Friday the treaty on the Customs Code for the Customs Union of Russia, Belarus and Kazakhstan, and sent it to the president to be ratified by the parliament.

The Russian government approved on Friday the treaty on the Customs Code for the Customs Union of Russia, Belarus and Kazakhstan, and sent it to the president to be ratified by the parliament.

The Russian Cabinet resolution also approved a raft of amendments to the code agreed in April.

The Customs Union started work on January 1 with the introduction of a unified customs tariff. The Customs Code is due to come into effect on July 1 and the countries plan to form a common economic space in January 2012.

Russia estimates the customs union will boost economic growth in the three ex-Soviet countries, increasing their GDP by 14-15% by 2015.

MOSCOW, May 14 (RIA Novosti) 

 

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