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:

Mercedes-Benz Became a Leader Of Russian Premium Market
Agricultural Companies Will Get Reduced Rate Loans
Sberbank Will Cooperate With Shvabe Holding
Jamon Production May Be Localised
Federal Passenger Company Announced An Auction

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
double-decker bus   Exhibitions in Tver  Andrey Bilzho  Charity  investment  Russian business  Russian laws  religion  Marina Kaverzina  Oryol Region  Roman Abramovich  Russian Souvenirs  Russian transportation  migration in Russia  Russian Animation  Universitetskaya-1  Yeisk  ferry St. Petersburg  Pskov Region  Mercedes-Benz Fashion Week Russia  Archeology  Sochi  Russian tourism  Human Right Activists  Genghis Khan  Russian Cinema  Moscow  Painting  Russian Literature  Architecture  Film Festival  Naberezhnye Chelny  Avant-garde  Russian physics  Russian history  Bashkiria  Karelia   Russian invention  Symphonic Music  Natalia Vodianova  Moscow Spring  Russian Football Premier League  Civil Society  Russian Museum  Exhibitions in Moscow  Russia-Britain  Ski-track of Russia  Suzdal  Russian Screenwriters  Krasnoyarsk 

Travel Blogs
Top Traveling Sites