Russian Federation, Belarus and Kazakhstan Launch Customs Union


On July 6, 2010, following the adoption of the unified Customs Code, the Customs Union of three former Soviet Union republics - the Russian Federation, the Republic of Belarus and the Republic of Kazakhstan - became operational, constituting a common customs territory with an external customs border and unified Customs Tariff and Customs Regulations. According to the statistics published by the member states, Customs Union will create a common market of approximately 170 million people with US$2 trillion economy, US$900 billion trade and 90 billion barrels of oil reserves. The Customs Union is committed to continuing economic integration towards complete customs borders removal between the member states during 2011.

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Alexander Averbuch
Krasik&Averbuch, Attorneys at Law

Krasik & Averbuch, Attorneys at Law is a boutique Corporate and Commercial Law Firm based in... View Profile »

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