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The Council of the Eurasian Economic Commission has decided to establish the rate of import customs duty on artificial viscose fibres that have not been carded, combed or otherwise prepared for spinning (code 5504 10 000 0 TN VED EAEU) at 0% of the customs value for a period of three years.
"The products in question are used to manufacture non-woven fabrics that are highly absorbent and breathable and are used to manufacture products for hygiene, medicine, cosmetology, etc. At the same time, such viscose fibers are not produced on the territory of the Eurasian Economic Union, and there are no plans to create the corresponding capacities," Vahagn Kazaryan, Director of the Department of Customs, Tariff and Non-Tariff Regulation of the EEC, explained the need to make a decision.
According to him, the introduction of the measure is aimed at filling the deficit of artificial viscose fibers in the EAEU, increasing competitiveness and increasing the share of socially significant final products manufactured by enterprises of the Union both on the domestic and foreign markets.
The decision will come into force after 10 calendar days from the date of its official publication.
The import customs duty rate of the Unified Tariff of the Eurasian Economic Union (CET EAEU) is set at 5% for the goods in question. In accordance with a number of decisions of the EEC Council, a rate of 0% or a tariff preference was applied for viscose fibers in various periods from 2013 to 2023.
