WTC Moscow Guide: Foreign Investors on EEU Market

MOSCOW, RUSSIA - The World Trade Center Moscow presents a second edition, revised and augmented, of the manual “What an international investor should know of technical regulations of the Customs Union (Eurasian Economic Union).” The book will be useful for international suppliers and investors interested in setting foothold in the markets of the Customs Union member nations (Eurasian Economic Union, EEU).

The new edition has been translated into English and Chinese. It also takes into account provisions of the Treaty on the Eurasian Economic Union and clauses of a number of technical regulations of the Customs Union adopted after 2012.

The updated book contains full information about technical regulations and their requirements, references to essential websites of regulators, sample lists of documents required for the conformity assessment procedure, and approximate costs and durations of certification procedures.

While all rules of technical regulations were brought fully in line with WTO rules as far back as in 2011, there are details that should be taken cognizance of when supplying a product into the Union’s market. For instance, the manual discusses special features and practical matters of application of a few most “popular” technical regulations of the Customs Union, and provides recommendations to foreign businesses regarding document preparation for the conformity assessment procedure that establishes compliance with the Union’s technical regulations.

Furthermore, the book describes in detail the peculiarities of application of a few most widely used technical regulations existing in the EEU.

According to the Eurasian Economic Commission (EEC), international trade volume of EEU member nations with third countries amounted to US $246.1 bln from January to May 2015, of which exports were $166.1 bln, and imports $80 bln.

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