The Eurasian Economic Commission's Council has decided to set the rate of import customs duty of the CCT EAEU in respect of certain types of anid yarns (code 5402 19 000 1 of the CN FEA of the EAEU) at 0% for the period up to and including April 30, 2027.
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"The customs tariff regulation measure is aimed at supporting cord fabric manufacturers, as well as tire industry enterprises," noted Vahagn Ghazaryan, Director of the EEC Tariff and Non-Tariff Customs Regulation Department. "The decision will make it possible to improve profitability and reduce the cost of finished products, as well as enhance the competitiveness of domestic technical fabrics in both internal and external markets, creating conditions for their import substitution in the territory of the Eurasian Economic Union".
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