Kazakhstan ratifies agreement with EAEU on warehouse receipts for agricultural productsKazakhstan’s Senate has ratified an agreement with the Eurasian Economic Union (EAEU) aimed at streamlining the issuance and trade of warehouse receipts for agricultural products, enhancing regional trade and financial opportunities.Signed in Moscow on July 31, 2023, the agreement seeks to strengthen agricultural cooperation and facilitate trade within the EAEU by recognizing warehouse receipts as secure, non-documentary financial instruments.Under the agreement, warehouse receipts issued in EAEU member states will be mutually recognized and meet the union’s standards. "This will allow holders of warehouse receipts to secure additional funding by using them as collateral, while also promoting the growth of electronic trading platforms," the Senate stated.The law, which supports the development of Kazakhstan’s grain receipt system, is now awaiting the president’s signature. (ICE ALMATY)

Fonte notizia: INTERFAX