Russia: The Fish Union asks to return the zero rate on the import of mussels

Published Jul 14, 2023

Tridge summary

The Fish Union is concerned that the end of the zero import duty on boiled-frozen mussel meat will lead to higher prices for seafood preserves in Russia. They argue that the product is not produced domestically and is an essential component in the production process. The organization points out that the ruble exchange rate has fallen, further contributing to potential price increases. Additionally, it is noteworthy that the Eurasian Economic Commission (EEC) has decided to extend the zero duty on the import of krill meat for another year to maintain production capacities and prevent price hikes for processed products.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Fish Union called boiled-frozen mussel meat supplied to Russia from abroad a “critical raw material”. In the message of the organization, its representatives explain that this product is not produced in Russia, but it is an important part of the production of seafood preserves. The zero rate for the import of this product ceased to be valid on March 31, 2023. Over the past months, no decision was made to extend the zero duty, meanwhile, as the fishermen point out, the ruble exchange rate has fallen sharply, and this will affect the rise in prices for the final product. Favorite seafood presses may become unaffordable for Russians. Recall that the EEC decided to extend for a year the zero duty on the import of krill meat, another ...

Source: Fishretail