Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Joining WTO, Russia to Reduce Agricultural Customs Duties
11.11.2011 20:20
Joining WTO, Russia to Reduce Agricultural Customs Duties

Russia has agreed to reduce import duties for some groups of products as part of Russia’s membership in the World Trade Organization (WTO), is said in WTO press release.


The average import duties on agricultural products are expected to fall to 10.8% against the current 13.2%, while industrial product duties will be reduced to 7.3% as opposed to 9.5% in 2011.

The organization also specified that Russia’s import duties on dairy products are to be reduced to 14.9% from the current 19.8%; import duties on grain are to be cut to 10.0% from 15.1%; while duties on imported cars should be decreased to 12.0% from 15.5%.

The Russian authorities are also to decrease import duties on timber and paper to 8.0% from the current 13.4% and reduce the duties on sugar to U.S. $223 per tonne from $243 per tonne, the WTO also said.

About 33% of newly set import duties are expected to come into effect when Russia joins the WTO, while about 25% are to be lowered in the next three years. Russia’s import duties on poultry are expected to be cut eight years after Russia gains WTO membership, while import duties on cars, helicopters, and civil aircraft would be cut in seven years.

More than that, Russia will reduce the amount of subsidies to the agricultural producers. The volume of the state support to the agricultural producers will make up $4.8 billion by 2018, the figure is twice as less than the rate planned for 2012. For comparison, France grants $15 billion subsidies to its agricultural producers.


Author: Irina Fomina

Tags: Russian business     

Next Previous

You might also find interesting:

German Gref Talked On Russian Rouble
Colombia Intends To Import Russian Buckwheat
Yandex Payment System Connected Its Cards to Apple Pay Service
Russian Banks Increased Profit Nearly Five Times
Rosselkhoznadzor Visits Bosnia and Herzegovina

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Zakhar Prilepin  Spacecrafts  Moscow  Wooden Architecture  Russia-Kazakhstan  Gennady Zyuganov  Guus Hiddink  Modern Art  Painting  Lena Pillars  Volvo Fashion Week Moscow  Nizhni Novgorod Region  Russian history  Russian gas  Russian cities attractions  Russian Souvenirs  Pavel Vernikov  Lumiere Hall   Film Distribution  Vologda  Yaroslavsky Railway terminal  Monuments in Moscow  Museums of Russia  Russian tourism  Maria Sharapova  Russian Arts and Crafts  State Duma  Exhibitions in Moscow  Architecture of Russia  POUSTOVIT  Mercedes-Benz Fashion Week Russia  Russian travellers  Russian theatres  Novodevichy Convent   Russian Birchbark Handicraft  Russian Cinema  Russian business  Dima Yakovlev Law  Konakovo  Chelyabinsk meteorite  Bryansk Airport  Moskva River accident  medicine  Vladimir Potanin  Russian Literature  Russian art  Yaroslav Mudry  Krasnodar Territory  children  Archeology 

Travel Blogs
Top Traveling Sites