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12 March 2019, 11:37

Belarus plans to launch product traceability system in 2020

MINSK, 12 March (BelTA) – A product traceability system may be launched in Belarus in 2020. The Taxes and Duties Ministry has drafted a decree on the establishment of a product traceability system. It will soon be posted on the legal forum for public discussion, BelTA learned from the Taxes and Duties Ministry.

The document was drawn up with a view to promoting an electronic document flow in the country, preventing grey imports, increasing transparency in the movement of goods throughout the country and abroad and also ensuring the implementation by Belarus of certain commitments laid down in the draft agreement on the mechanism to trace goods imported to the Eurasian Economic Union (EAEU).

In recent years the EAEU member states have been implementing different digital projects to increase the transparency of commodity flows. Yet, the problem of grey market is still pressing for all in the union. A significant amount of counterfeit goods causes great damage to the EAEU economies, legal business and people's health. Some member states of the Eurasian Economic Union apply reduced rates of customs duties when importing goods from outside.

A traceability mechanism envisaged in the draft agreement and specified in the draft decree aims to verify the legality of commodity flows in mutual trade between the EAEU member states. The traceability system will help create the conditions preventing business entities from using various schemes to evade customs and tax payments, and involving goods in illicit turnover.

The Taxes and Duties Ministry noted that the absence of a product traceability system in Belarus can be a barrier to the export of Belarusian goods to other EAEU member states as they launch the traceability mechanism on a unilateral basis.

The traceability system will be built on electronic transport and product invoices. “E-invoices are integrated in the business environment and are one of the elements of the electronic interaction between the buyer (recipient) and seller (supplier). Businesses can transmit via an operator's EDI-system any other legally relevant documents and free-form documents (contracts, intercompany reconciliation reports, electronic price lists, protocols, etc.). This will contribute, in the long term, to the development of interstate electronic commerce and interstate cooperation in the Eurasian Economic Union,” the Taxes and Duties Ministry said.

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