The Eurasian Economic Union and China are switching to electronic documentation for rail freight transport

The Eurasian Economic Union (EEU) and China recently signed a roadmap aimed at activating and intensifying trade and economic cooperation between the two sides. In a virtual ceremony, both sides planned to gradually switch to the electronic form of document exchange in rail freight transport using electronic digital signatures.

“I am sure that this will greatly simplify trade procedures and speed up the movement of goods between our countries,” said Andrey Slepnev, Minister of Trade of the Eurasian Economic Commission (EEC).

The ceremony took place as part of the third session of the Joint Commission for the Implementation of the Agreement on Trade and Economic Cooperation, which took place virtually.

Slepnev and Chinese Deputy Minister of Commerce Li Fei attended.

The roadmap includes three sections: digitization of transport corridors, foreign trade policy dialogues, and conducting a joint scientific study on the impact of various scenarios for deepening cooperation between the EAEU and China, according to an EWG statement.

In addition, there are plans to expand cooperation in the customs area and in the area of ​​veterinary and phytosanitary control. An exchange of experiences on electronic logistics information is planned for maritime and road transport.

The second section of the roadmap focuses on building a sustainable dialogue on trade policy issues that have a significant impact on international trade. Areas of discussion agreed with the Chinese side for 2023-2024 are the climate agenda, foreign trade development strategies of both sides, the international practice of applying internal market protection measures, and e-commerce.

In the third section, the academic circles of the EAEU and China conduct a comprehensive analysis of the implications of various scenarios for deepening trade and economic cooperation between the EAEU, its member states and China.

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