Zeroing the import duty on coconut flakes will allow Russian confectioners to expand their range of products

Published 2024년 6월 26일

Tridge summary

The Eurasian Economic Commission (EEC) has decided to eliminate the import customs duty on dried coconuts, also known as coconut flakes, until July 31, 2027. This move will allow Russian confectioners to maintain and expand their product range, increasing the competitiveness of domestic sweets in both domestic and foreign markets. The current import customs duty for coconut shavings stands at 3%. The executive director of the Askond Confectionery Industry Association, Vyacheslav Lashmankin, highlighted that Askond is collaborating with the Russian government and the EEC to improve the accessibility of key raw materials for the confectionery industry.

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Original content

Zeroing the import customs duty on coconut flakes will allow Russian confectioners to maintain and expand the range of products. This was reported to TASS by Vyacheslav Lashmankin, executive director of the Askond Confectionery Industry Association. Earlier, the board of the Eurasian Economic Commission (EEC) decided to zero the import customs duty on dried coconuts (coconut flakes) until July 31, 2027 inclusive. The current rate of the EAEU CCT import customs duty for coconut shavings is 3%. “Zeroing the import customs duty on coconut flakes will allow Russian confectioners to maintain and expand the range of products and will help increase the competitiveness of domestic sweets in ...

Source: Kvedomosti