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The Council of the Eurasian Economic Commission decided to provide a tariff concession in the form of duty-free import of sugar in the period from May 15 to September 30, 2021. Sugar imported to the Republic of Armenia in the amount of no more than 22.4 thousand tons, to the Republic of Kazakhstan – in the amount of no more than 134.4 thousand tons, to the Kyrgyz Republic – in the amount of not more than 40 thousand tons, is exempted from the import customs duty, to the Russian Federation – in the amount of no more than 350 thousand tons.

“The EEC Board, together with the Union states, will monitor on a monthly basis the actual volume of sugar imports with the use of tariff concessions, as well as sales volumes on the domestic market of the EAEU states, and inform the EEC Council about this. Taking into account the situation with prices on the sugar market, we agreed to return in July this year to consider the issue of possible additional stabilization measures, if they turn out to be necessary, ”said the EEC Minister of Trade Andrei Slepnev.

In addition, interaction of interested consumers and producers will be organized at the Commission’s site to ensure prompt sugar supplies to the internal markets of the Union states. The EEC Council also decided to prepare proposals for the sustainable development of the EAEU sugar market.

The decision of the Council of the Commission will enter into force after 10 calendar days from the date of its official publication.

A source:EEC

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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