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The Senate adopted the Law on Free Circulation of Precious Metals in the EAEU

01.04.2021 60

Kazakh jewelry exports to the territory of the EAEU will now become easier. Today, senators adopted the Law to cancel the additional hallmark for items made of precious metals and gemstones. In other words, jewelry with a Kazakhstani hallmark can now be sold in all countries of the economic union without re-testing.  

These innovations are enshrined in the Law “On Ratification of the Agreement on Peculiarities of Operations with Precious Metals and Stones within the Eurasian Economic Union (“EAEU”)”. Moreover, this Agreement will, on the one hand, protect the Kazakh market from imports of poor-quality jewelry and, on the other hand, will enable to increase production of refined gold and provide necessary conditions for free circulation of precious metals and stones within the customs territory of Eurasian Economic Union. 

Also, another Law adopted today will improve the interstate standardization, as well as ensure the common principles of dissemination and use of documents which are adopted by the Interstate Council for Standardization, Metrology and Certification of the CIS countries. The norms are spelled out in the Law “On Ratification of the Agreement on the Dissemination of Documents on Interstate Standardization” passed by senators.

Creation of conditions for convicts to serve non-custodial sentences in the states of their citizenship will be facilitated by the Law “On Ratification of the Convention of the Member States of the Commonwealth of Independent States on the Transfer of the Enforcement of Non-Custodial Sentences”. Senators have also adopted it today at the House session. Thus, if a person is convicted in the CIS countries and the sentence is non-custodial, he/she is allowed to return to his/her homeland, where this sentence will be enforced. This principle will also promote the effective return of convicts to a productive life in society.

“The laws adopted today are aimed at further strengthening interstate cooperation within the Commonwealth of Independent States and the Eurasian Economic Union. They will help in protecting the rights of our citizens, the efficient use of the interstate standardization system at the CIS level, and the development of the precious metals and stones market in the member states of the Eurasian Economic Union,” Senate Speaker Maulen Ashimbayev said, while summing up the consideration of the bills.

At the session, senators also announced the existing deputy requests. Suindik Aldashev raised issues on creation of a specialized rescue service on the Caspian Sea. Kanatbek Safinov believes it is important to activate the transfer of government functions to the competitive environment and local authorities, and Sultan Duisembinov spoke about the need for the production and testing of domestic biological products required for the preservation of orchards.

(Press Office of the Senate, 74-72-27. Photo by E. Ukibay)

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