The Eurasian Economic Commission (EEC) is a permanent regulatory authority of the Eurasian Economic Union. It is responsible for defining new laws and regulations in certain areas of its competence (including with regard to the CET and other business procedures), the implementation of decisions taken at EAWU level, compliance with EAWU contracts and the management of eawu`s day-to-day activities. Since the early 1990s, Kazakhstan has also implemented a series of important trade reforms. For example, the average level of import duties has been reduced (from 9.5% in 1996 to 2.6% in 2004) and some investors have benefited from full exemptions from import tariffs (e.g. B those operating in special economic zones and have signed investment contracts with the State).