Global Trade Alert

The Russian Government has issued a Decree on 30 July 2009 that will result in a minimum import tariff on (HS 8707) bodies (including cabs) for specific motor vehicles (HS 8703). From now on the minimum tariff payment will be no less than 5,000 euro per piece. The previously applied 15 percent ad valorem tariff has also been retained. This desicion goes in the line with the proposed trade strategy of the Russian Federation to develop certain domestic industries. Please see the piece on the Russian Trade strategy 2010-2012 as well as the one on the Russian subsidized car loans in this database.