Countries Impose High Tariffs On Domestic Resources Products

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Russian Prime Minister Putin issued an order recently, starting from 1 this month, the Russian crude oil export tariff rose from 290.6 dollars per ton to 303.8 US dollars per ton.

At the same time, the export tax on light petroleum products was raised to $217 per ton from the previous US $208.1 per ton, and the export tax on heavy oil products was raised to $116.9 per ton from the previous US $112.1.

In April and October this year, the Russian government has raised tariffs on crude oil exports respectively.

It is understood that before December 2008, the Russian government adjusted its export tariffs on crude oil and petroleum products every two months.

Since December 2008, due to the rising price of Russian standard crude oil in Ural, the Russian government has begun to adjust tariffs on oil and petroleum products monthly, in order to respond quickly to the impact of fluctuations in world oil prices.

The adjustment of crude oil export tariff policy mainly refers to the price trend of Ural crude oil, starting from the fifteenth day of each month, and calculating the average price of the next 14 days as the base price.

This year, India's policy of adjusting its export tariffs on domestic iron ore products has changed.

In the past few years, in order to prevent some mining enterprises from closing down and affecting the domestic economy, the India government reduced the export tariffs of iron ore two times in a short span of 10 days in early November 2008.

Moreover, as the global steel mills cut production in 2008 and demand for iron ore decreased, India's Ministry of Finance announced in December 7th of that year that it reduced the export tax to 5% to promote the country's iron ore exports.

However, after the global demand pull, the depreciation of the US dollar and the blind import trend of iron and steel enterprises, in order to promote the rational development of the domestic iron ore enterprises, the export duty of the India iron ore mine increased from 5% to 10% in December 25, 2009, which led to the increase in the spot price of India iron ore imported by other countries.

In April 29th this year, India once again raised the export duty of iron ore from 10% to 15%.

It is reported that it has been raised to 25%.

As a major producer and exporter of rubber, Thailand implemented a new policy on rubber export tariffs in October 1st this year.

According to the new tax system, when the rubber price is 10~60 baht, the tariff is 1.4 baht / kg. When the rubber price is 60~80 baht, the tariff is 2 baht / kg; the rubber price is 3 baht / kg per kilogram of 80~100 baht, and if the price exceeds 100 baht, the export tariff is 5 baht per kilogram.

It is said that the proceeds from export taxes will be used to form a fund to intervene in the market and provide support for farmers when the price of rubber falls sharply.