Thursday, March 6, 2014

Belarus, Mongolia to step up customs cooperation to boost trade

MINSK, 5 March (BelTA) - During its spring session the House of Representatives of the National Assembly of Belarus is going to discuss the bill stipulating the ratification of the agreement between the governments of Belarus and Mongolia on cooperation and mutual assistance in customs matters, BelTA learnt from Vitaly Busko, Deputy Chairman of the International Affairs Commission of the House of Representatives.

The MP noted that Mongolia has a long border with Russia and Kazakhstan, who are Belarus’ Customs Union partners. Thus Belarus gets new opportunities to cooperate at the bilateral level and at the level of the Customs Union. “The implementation of the agreement will, among other things, contribute to the transit of cargoes and goods,” Vitaly Busko said.

The MP added the Mongolia is a WTO member and because Belarus is also working to accede to this organization it is always good to have another reliable partner.

The document outlines main principles and forms of cooperation of the customs bodies of Belarus and Mongolia, establishes goals and principles and sets out the rules regarding mutual assistance and information exchange. The practical implementation of the agreement will facilitate the unification and harmonization of customs procedures and will allow increasing the effectiveness of work of the two countries’ customs bodies, which in turn will boost bilateral trade ties. At present the bilateral trade amounts to about $100 million but this figure could be much higher, Vitaly Busko noted.

The agreement was signed during the visit of Belarusian government delegation headed by Premier Mikhail Myasnikovich to Mongolia in September 2013.

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