BELARUS NEWS AND ANALYSIS

DATE:

05/01/2010

Lukashenko ratifies several Customs Union documents

The FINANCIAL -- MINSK. Belarusian President Alexander Lukashenko has ratified a number of agreements within the framework of the Customs Union of Russia, Belarus and Kazakhstan, Belarus's official law portal said on January 5.

Among other things, the documents concern customs control procedures, tariffs and quotas, as well as information exchange, according to RIA Novosti.

The presidents of Russia, Belarus and Kazakhstan signed a package of deals on November 27, 2009, to create a customs union with common tariffs, paving the way for a single economic space.

The Customs Union between the three former Soviet states came into force on January 1, although many aspects of the project will only be finalized over the coming year.

Russia, Belarus and Kazachstan are planning to introduce a common customs space in July 2010 and form a single economic space in January 2012.

A Belarusian government source said on Saturday that Russia's position at negotiations on a 2010 agreement for oil deliveries to Belarus is seriously undermining the Customs Union deal.

Source:

http://finchannel.com/news_flash/World/55354_Lukashenko_ratifies_several_Customs_Union_documents/


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