ANNOUNCEMENT 08 Apr 2014

In April 2014, the members of the Customs Union of Russia, Belarus and Kazakhstan announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 10 May 2014 | Removal date: 07 Sep 2017
Still in force

Import tariff

EEC Collegium Decision Nr. 51 of 8 April 2014 reduced the import duties on certain components for the manufacture of watches. 
Temporarily, for the period 10 May 2014 tp 05 September 2017, no import duty (previously at 9%) will be collected on the main bodies of non-precious metal wrist and pocket watches and parts thereof. 
 
For the same period, the import duties on lanyards, belts and bracelets of precious metal are reduced from 15% to 5% of the customs value. 
 
On a permanent basis, the import duties on electricity-operated are reduced from 15% to 10% and those on self-winding watch mechanisms from 15% to 5%. 
 

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AFFECTED PRODUCTS