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    Russia'S Fur Prices Will Drop After China'S Accession To WTO

    2011/12/13 16:16:00 33

    According to Russian media, after Russia's accession to the WTO, the import tariffs on tannins or processed fur will be reduced to 1/3 by 2014.

    The import tariffs on fur products will also decline the same amount by the end of 2015.

    The fur traders in Russia should start preparing for the future.

    situation

    If this change does not make domestic radical political reforms, it will at least affect the economic policy of the authorities.


    The entry requirement for WTO is that the import tariff of tannin processing fur should be reduced from 10% now to 7.5% before 2014.

    It dropped to 5% before 2015.


    And now the price of fur products is imported.

    tariff

    It is usually 10%, but not less than 30 euros (254 yuan).

    When it comes to customs, it will become a 20% ad valorem tax.

    It will drop to 10% in 2015 (20% in 2013 and 2014).


    It should be pointed out that the reduction of import tariffs will cause adverse effects on domestic producers.

    Influence

    But it will reduce the price of fur products.

    Domestic fur producers must think of ways to increase labour productivity and quality and compete with foreign products.

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