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All conditions for implementation of Russian-Georgian customs agreement in place

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Staff Writer | Wednesday February 6, 2019 5:47AM ET
Russia-Georgia
Europe   Switzerland will continue to play an active role

Under the aegis of Switzerland’s good offices, the negotiations have been concluded and the conditions to implement the customs agreement signed by Georgia and Russia in 2011 are in place.


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Switzerland will continue to play an active role in this new phase, by chairing a Joint Committee supervising the implementation of the agreement. On 6 February 2019, a first meeting of the Joint Committee will take place in Geneva, gathering Georgian, Russian and Swiss representatives.

On 9 November 2011 the Georgian and Russian governments signed a bilateral agreement in Geneva regulating the basic principles for customs administration and monitoring of trade in goods.

The agreement stipulates that traded goods crossing three predetermined customs corridors are to be subject to a monitoring mechanism, under the supervision of a neutral private company. The agreement was part of the set of agreements concluded by Georgia and Russia in the course of the accession of the Russian Federation to the WTO.

Since the signature of the customs agreement, Switzerland acted as a ‘neutral third party’ in order to facilitate its implementation.

 

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