11 august 2011

First Deputy Prime Minister Viktor Zubkov holds a meeting of the Sub-Commission for Customs Tariff and Non-Tariff Regulation and Protective Measures in Foreign Trade under the Government Commission for Economic Development and Integration

Participants:

The sub-commission members agreed to lower the rate of import duties on some commodities that are not produced in Russia, or are produced in amounts that are insufficient to meet the domestic demand. In particular, the 10% import duty on carnallite and hard acrylic polymers as well as the 20% duty on cartridges for shooting sports (calibre 5.6 mm) will be cancelled. Similarly, car assembly lines will no longer be subject to an import duty. These commodities will be assigned individual codes in the Common Product Classifier for Foreign Economic Activities.

Members of the sub-commission also agreed to cancel the current 5% duty for imported substances such as styrene, terephthalic acid and butadiene.

The sub-commission upheld the proposal to establish a zero-rate customs duty on pureed apricots and peaches for a period of up to nine months in order to support domestic juice production.

The sub-commission members approved amendments to the non-tariff regulation measures that cancel the license requirement for medications and double regulations for imported veterinary medications.

The decisions made at the meeting have been recommended for consideration by the Customs Union Commission.

Finally, the meeting participants agreed on the export customs duty on pure copper. There will be no charge on copper exports if the set stock market price is lower than $6,000. The current 10% duty rate is charged when the stock market price of pure copper is between $6,000 and $8,000 per tonne. If the price exceeds $8,000, the duty is calculated as follows: $800 + 30% of the difference between the current price and the upper duty limit ($8,000) per tonne.