Textile Import Duty in the Eurasian Economic Union (EAEU)
The Eurasian Economic Union (EAEU) affords member countries, which include Russia, Armenia, Belarus, Kyrgyzstan, and Kazakhstan, a free trade area.
The union is one of the highest importers of fabrics. According to Statista, Russia alone imports textiles and clothing valued at over $3 billion from China annually. This reveals a growing market for importers of fabrics from third countries.
What You Should Know About Fabric Customs Duty in the EAEU
Like any other economic union, the EAEU has rules and regulations that guide the importation of goods into the area. This, in turn, affects the duties and other levies imposed on the products.
Here are some you should know before importing textiles into the EAEU.
Types of Customs Duties Applied
The EAEU apply a common customs union for all goods imported into the block.
Three types of import customs duties are applied to the common external tariff of the union. The first one is ad valorem, which establishes a percentage of the value of the goods.
The second type is specific. The rates here depend on the physical characteristics of the goods, such as the weight or volume.
The third type combines the previous two: ad valorem and specific customs duties.
Rules of Origin
The EAEU has detailed and strict rules of origin that guide the importation of fabrics into the customs territory of the union.
The rules outline the criteria for textiles to be considered as originating from a given country. According to the EAEU, goods originate in a specified country if they are wholly obtained or produced in that nation. They also qualify if they are sufficiently processed in that country.
When importing, you are required to show proof of origin. The documentary proof of origin can be either a declaration of origin or a certificate of origin, completed per stipulated requirements.
Import Duty Rates in the EAEU for Selected Textile Goods
Here are applicable rates for some of the highly imported textile goods as dictated in the unified customs tariff of the EAEU.
The EAEU provide members with a free trade area that facilitate the easy movement of fabrics. Members share the same external customs tariff, which states the applicable import duty for textile goods brought into the EAEU from third countries.