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Saturday, 24 March 2018


Details of the Georgian-Russian agreement on WTO released

2011-11-10 16:57
Вetails of the Georgian-Russian agreement on WTO released. 24301.jpeg

Today, Georgian Foreign Ministry released the details of the Georgian-Russian agreement on Russia's accession to the WTO. As recalled by Trend, November 9 in Geneva (Switzerland), the representatives of Georgia and Russia signed the documents within the negotiations on Russia's accession to the WTO, through the mediation of Switzerland.

The document contains the basic principles of the mechanism of the customs administration and monitoring of trade turnover. Under the agreement, there was also signed a memorandum of understanding. It strengthens the role of the Government of Switzerland as a neutral third party. Along with other obligations imposed on the country, Switzerland must select international observers and provision of its mandate, to whom the monitors will report.

As noted in the Georgian Foreign Ministry, all three parties - Georgia, Russia and Switzerland have exchanged the documents in order to determine the operating conditions of the internationally recognized neutral private company, which will report to the Government of Switzerland.

"Conditions of the company's activity provide a favorable environment for international monitoring. However, under the conditions, the monitor can not be a citizen of Russia or Georgia; during exercising their authority, the monitors will enjoy freedom of movement", said in the Foreign Ministry of Georgia.

Based on this set of agreements, Georgia and Russia agreed to establish a mechanism for customs administration and monitoring of trade turnover. It will consist of the international monitoring system and electronic data interchange.

The system of international monitoring provides the physical presence of international observers in the process of verification of documents and records, as well as questionable products and goods within the framework of full customs formalities. The observers will also control that all types of goods had electronic press GPS/GPRS-tracker.

There will also be created a common platform of electronic data interchange, which will provide access of international monitors to the information, connected with all kinds of customs and trade.

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