Russia-Belarus agreement on goods transit ratified

MOSCOW, March 25 (Itar-Tass) - The Federation Council upper house of Russian parliament has ratified the agreement between the governments of Russia and Belarus on the transit of goods between customs of the two countries. The agreement signed on June 29, 2007 is aimed to facilitate the procedure of customs clearance and customs control over good and to fix uniform rules for the transfer of such goods.

The agreement establishes uniform rules for customs payments, as well as the rights and duties of persons transferring transit goods and deals with other matters in this sphere.

It was noted in the Federation Council that the agreement is aimed at further development of economic and commercial relations between Russia and Belarus as participants in the Customs Union. It was stressed particularly that "the ratification of the agreement would not require additional expenditures from the federal budget nor would reduce its revenues."



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