Import Customs Duties on Raw and Dressed Fur Skins in Eurasian Economic Union (Russia, Belorussia, Kazakhstan, Armenia and Kyrgyzstan) are nullified

On September 7, 2018, by the Board of the Eurasian Economic Commission, at the suggestion of the Russian Fur Union, it was decided to zero the import customs duty rates for the raw and dressed furskins (Customs Commodity Codes 4301 and 4302) on a temporary basis for a period of 2 years.

The reduction in duties with respect to all the declared subheadings of Commodity Items 4301 and 4302 of the Customs Commodity Code, except for those related to the mink (4301 10 001 0, 4301 10 009 0, 4301 90 003 0, 4302 11 001 0, 4302 11 009 0, 4302 20 004 0, 4302 30 211 0, 4302 30 219 0).

The Russian side considers the reduction of customs duties rates for the above subheadings for the mink premature in view of the unfavorable situation in global fur market, which has a negative impact on domestic farmers and producers, and suggests returning to the zeroing of import customs duties on this kind of raw materials in 2019 after the monitoring of world prices. 

The reduction (zeroing) of customs duties on these groups of goods will contribute to the development of domestic production, to increase of import of raw and dressed fur as well as to reduce its illegal importation, compensate the producers of finished products for losses from VAT increases in 2019.

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