AGREEMENT ON CREATION OF SINGLE CUSTOMS AREA AND FORMING OF CUSTOM UNION

of October 6, 2007

The Republic of Belarus, the Republic of Kazakhstan and the Russian Federation which further are referred to as Parties

based on the Constitutive treaty of Eurasian economic community of October 10, 2000,

for the purpose of ensuring free movement of goods in mutual trade and favorable conditions for trade of custom union with the third countries, and also developments of economic integration of the Parties,

agreed as follows:

Article 1

The concepts used in this Agreement mean the following:

"single customs area" - the territory consisting of customs areas of the Parties;

"common customs tariff" - the code of rates of the customs duties applied to the goods imported on single customs area from the third countries, systematized according to the Single commodity nomenclature of foreign economic activity;

"custom union" - the form of trade and economic integration of the Parties providing single customs area within which in mutual trade in the goods which are occurring from single customs area, and also coming from the third countries and issued in free circulation on this customs area customs duties and restrictions of economic nature, except for special protective, anti-dumping and countervailing measures are not applied. At the same time the Parties apply common customs tariff and other single measures of regulation of trade in goods with the third countries;

"the third countries" - the states, not being participants of this Agreement.

Article 2

The decision on consolidation of customs areas of the Parties in single customs area and completion of forming of custom union is accepted by the supreme body of custom union after completion of the following events:

a) establishments and applications of common customs tariff and other single measures of regulation of foreign trade with the third countries;

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