BELARUS NEWS AND ANALYSIS

DATE:

24/06/2010

CIS EC dismisses Belarus claim to suspend duties on RF oil products

MINSK, June 24 (Itar-Tass) -- The CIS Economic Court (EC) has dismissed Belarus' motion to suspend duties on oil products from Russia, the Prime-Tass economic news agency reported on Thursday.

On March 25, the Belarusian Ministry of Justice filed a claim to the CIS Economic Court, which is EurAsEC court as well, over export customs duties on Russian oil products and petrochemical raw materials.

Both international agreements within the CIS and EurAsEC, and agreements between Russia and Belarus envisage duty-free trade within the frames of the free trade regime, with the only exception of crude oil, which is subject to export duty under a special bilateral agreement.

"Mutual trade in all other commodities shall be duty-free," the Belarusian Ministry of Justice insisted and qualified Russia's imposing a duty on oil products and petrochemical raw materials as illegal action.

Source:

http://www.itar-tass.com/eng/level2.html?NewsID=15261498&PageNum=0


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