Russia: Import duties on vegetables and apples may be reduced to zero

Published 2024년 11월 29일

Tridge summary

The Russian government is seeking to provide import duties exemptions for certain agricultural products until July 2025 to prevent consumer price hikes and market shortages. The proposal includes exemptions for import duties on up to 300 thousand tons of potatoes, 230 thousand tons of apples, 40 thousand tons of cabbage, 85 thousand tons of carrots, and 85 thousand tons of onions. Despite concerns from the Potato Union and the Russian Gardeners Association about the potential negative impact on domestic producers, experts believe that the move is necessary to stabilize prices for socially significant products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Russian authorities propose that the Eurasian Economic Commission (EEC) grant our country a tariff benefit in the form of an exemption from import customs duties from January 1 to July 31, 2025 for the import of no more than 300 thousand tons of potatoes, 230 thousand tons of apples, 40 thousand tons of cabbage, 85 thousand tons of carrots and 85 thousand tons of onions. The corresponding draft was published on the website of the Eurasian Economic Union. It is noted that the proposal is aimed at curbing the growth of consumer prices for socially significant products; imports are also needed to avoid a shortage of vegetables and fruits on the domestic market. The press service of the Ministry of Economic Development previously reported that the government subcommittee on customs and tariff regulation is considering the issue of introducing benefits for the import of potatoes, onions, carrots, cabbage and apples. The President of the Russian Gardeners Association, Igor Mukhanin, ...
Source: AgroInvestor

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