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Unified Identification System within the EAEU


				24.01.2020
						

On January 21, 2020, the Board of the Eurasian Economic Commission approved a draft agreement on a unified system of identification of participants in foreign economic activity (FEA) within the framework of the Eurasian Economic Union (EAEU).

The adoption of the agreement will form the legal basis for the creation of a unified system in the EAEU that will allow for the unambiguous identification of interested parties (including foreign ones). At the same time, the creation of a unified union identification system does not replace or abolish the national registration systems of individuals and legal entities operating in member states.

The unified identification system will be used primarily in the regulation of customs relations. It can also be used in other areas - tax, currency, etc. The creation of such a system within the EAEU implies that participants in foreign economic activity will be assigned a unique identification number (UIN), which has a single dimension and structure. The use of UIN will simplify the forms of electronic documents, reduce the amount of data necessary for the collection, storage and processing of documents used in the implementation of foreign economic activity, simplify electronic interaction.

The draft Agreement was sent to the countries of the Union for internal coordination.

Source: http://www.eurasiancommission.org/ru/nae/news/Pages/20-01-2020-2.aspx



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