Big retailer chains such as X5 Retail Group, “Azbuka Vkusa”,”Okay” and others will have made a profit on Russia’s accession to the World Trade Organization (WTO) by the end of 2013 according to the international rating agency Moody’s. Import duties reduction will increase the demand, and, consequently, that will increase revenues and profits of retail chains.
One of conditions of Russia’s accession to the WTO is a reduction of the import duties and tariffs from 10% to 7.8%, according to the report made by Moody’s experts. In their opinion, this should stimulate consumer demand and, therefore, benefits of importers and retailers.
As Moody’s reports, imported products have a significant share in retailers’ turnover; at the same time retailers will reduce retail prices less than the duties and tariffs will be reduced. As a result, the revenue will grow up.
Source: www.fruitnews.ru