The Russian government has agreed to decrease its average import duties on agricultural and industrial products as part of Russia’s membership in the World Trade Organization (WTO).
Specifically, average import duties on agricultural products are expected to be lowered to 10.8% from the current 13.2%, the WTO said.
Roughly 33% of newly set import duties are expected to come into effect when Russia joins the WTO, while about 25% are to be lowered in the next three years.
Source: www.prime-tass.com