IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 08 Apr 2013 | Removal date: open ended
Still in force

Import tariff

According to an official press release of 8 April 2013 of the state body Russian Agency for Export Credit and Investment Insurance (EXIAR), it has signed with its Dutch counterpart, the Dutch Export Credit Agency, a Memorandum of Understanding (MoU), focused on increasing support to Russian and Dutch companies that jointly perform transactions or infrastructural projects in third countries. Consequently, suppliers from both countries can more easily win contracts in other countries. Furthermore, the MoU foresees the right for Russian-Dutch joint ventures to be insured against non-payment risks and facilitates their access to bank financing.

Russia and the Netherlands are important trading partners. Key sectors of cooperation (which might also provide them with a competitive advantage in third countries) are: oil, gas, agriculture, machinery. In 2012, Dutch exports to Russia totalled approximately 7 billion EUR, while Russian exports to the Netherlands amounted to 17 billion EUR; 14% of the merchandise passing through the Rotterdam ports has Russia as its country of origin or destination.

AFFECTED COUNTRIES

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