ANNOUNCEMENT 04 Mar 2014In March 2014, the government of the Russian Federation announced a change in import tariff quotas.
NUMBER OF INTERVENTIONS
On 4 March 2014 the Russian President, Mr Vladimir Putin, signed the Federal Law 'On Amending Article 36 of the Russian Federation Law On the Customs Tariffs'. It stipulates the exclusion of auctioning as a method of distributing volumes of tariff quotas among the participants in the country's foreign trade activities.
The law was enacted in order to meet the Russian Federation's commitments to the World Trade Organisation member states, following Russia's accession to the Marrakesh Agreement Establishing the World Trade Organization of April 15, 1994.
Under the method of auctioning tariff quotas, recipients are selected on the basis of a bidding price per unit amount on a first-come, first-served basis. If, as is argued, the latter creates unequal trade opportunities, its abolition can be assessed to be an act of liberalisation.