January 05, 2004

 

Russia To Lift Corn, Soybean Import Duties

 

Russia has announced that it will lift import duties on corn, soybeans and fishmeal for a period of nine months starting January 25.

 

To facilitate importation of feedstuffs crucial for the development of Russia's poultry and livestock industries, the Government of Russian Federation will lift the 5% import duty on corn, soybeans, and fish meal beginning on Jan. 26, 2004, for a period of nine months. Domestic poultry and livestock producers supported the resolution, and the Interagency Commission on Domestic Market Protection recommended its adoption.

 

Although not technically part of the livestock industry, oilseed crushers also favored the resolution, as it will reduce the cost of raw materials for their soybean processing operations. The approval of this resolution is timely for the livestock sector, as the cost of imported soybean meal will increase on Jan. 1, 2004, due to the expiration of temporary (nine-month) duty free imports of this product.

 

Unofficial Translation of the Resolution Government of the Russian Federation Resolution #771 of December 23, 2003 "On Making Changes to the Customs Tariffs of the Russian Federation"

 

The Government of the Russian Federation decrees the following:  1. As partial amendments to the Customs Tariffs of the Russian Federation approved by the resolution of the Government of the Russian Federation #830 of November 30, 2001, "On the Customs Tariff of the Russian Federation and Commodity Codes, Used at Implementation of Foreign Economic Activity" (Collection of Laws of the Russian Federation, 2001, #50, article 4735), to approve the proposed customs import duties. 2. The present resolution enters into force one month from the date of its official publication for a period of nine months.

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