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The new regulation of foreign trade operations



20.02.2009 Belarus

The procedure of realization and control of foreign trade operations will be simplified since 1 April 2009.


For the purpose of further liberalization of economic conditions and investment climate in the Republic of Belarus, the new regulation of realization and control of foreign trade operations is carried into effect. Existing rather formalized mechanism of execution of transaction passport is replaced by the procedure of registration of the transaction in a bank by declarative principle. The registration will be carried out on the day of the submission of a document, by the use of  which a foreign trade operation is executed. Besides, the possibilities for residents to pay for foreign trade operations are broadened.

 


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