Russia Enter into WTO – Tariff Reduction in Hydraulics and Fluid Connectors
•Als PPTX, PDF herunterladen•
1 gefällt mir•599 views
The impact on tariffs in hydraulic and fluid connector parts and components and selected related markets between 2012 and 2016
Empfohlen
Weitere ähnliche Inhalte
Ähnlich wie Russia Enter into WTO – Tariff Reduction in Hydraulics and Fluid Connectors
Ähnlich wie Russia Enter into WTO – Tariff Reduction in Hydraulics and Fluid Connectors (20)
Kürzlich hochgeladen
Kürzlich hochgeladen (20)
Russia Enter into WTO – Tariff Reduction in Hydraulics and Fluid Connectors
- 1. Russia Enter WTO August 12, 2012 Changes in tariffs of hydraulic and other fluid connector parts and components between 2012 and 2016
- 2. What is Planned? » Gradual creation of better climate for inward investment through convergence of legislation in areas such as ariff rates, non-tariff barriers, intellectual property rights protection, etc. » Reduction of average tariff rates from about 12% to 8% » Easening of non-tariff barriers such as technical regulations and standards, customs procedures, decreasing customs clearance fees, etc.
- 3. Selected Products Tariff Reduction Product category 2012 2013 2014 2015 2016 Rubber hoses & assemblies 5% 4% 3% 3% 3% Thermoplastic hoses & assemblies 10% 8,3% 6,5% 6,5% 6,5% Hose & tube fittings 15% 13,3% 11,7% 10% 10% Steel & stainless steel tubes 15% 12,5% 10% 7,5% 7,5% Hydraulic & pneum. couplings (incl. QC) 15% 13,3% 11,5% 9,8% 8% Hose and tube fitting components & accessories 15% 12,7% 10,3% 8% 8% Hose crimping machines hydraulic / manual 15% / 15% 13,8% / 13,4% 12,5% / 11,8% 11% / 10,1% 8% / 8,5% Hose cutting machines 5% 5% 5% 5% 5% Tube fitting assembling & tube forming machines 10% 10% 10% 9% 7% Accessories and spare parts for assembling machines 5% 3,3% 1,7% 0% 0% Pressure and flow measuring equipment & sensors 10% 6,7% 3,3% 0% 0% Source: ‘Protocol on the accession of the Russian Federation’ (to the WTO)
- 4. What is to be Expected? » The overall tariff reduction is unlikely to influence foreign manufacturers’ plans to develop their local production as a large number of segments remains highly protected. » EU and US officials privately expect the first few years of Russian membership to be difficult. Nobody seems to expect Russia to be particularly constructive or instinctively compliant as a WTO member. (source: Global Counsel UK) » It means implementing tariff reduction might take longer than planned.
- 5. Selected Related Market Tariffs The overall tariff reduction is unlikely to influence foreign manufacturers’ plans to develop their local production: Rate upon Final WTO Average Most reductions to FCG Markets be implemented by accession agreed rate reduction Marine derricks, cranes, hoists 10% 5% -50% 2015 Mobile & other cranes 5% - 15% 5% - 8% -35% 2015 Material handling equipment 5% - 10% 5% -17% 2015 Construction & Earth moving equipment 5% - 15% 5% - 8% -31% 2013 Mining & Tunneling equipment 5% - 15% 2% - 5% -62% 2016 Combine harvesters, grass mowers, … 5% 5% 0% 2012 Agricultural tractors 15% 10% -33% 2015 Forestry equipment 5% 2% -60% 2014 Passanger cars (most) 25% 15% -40% 2019 Off-highway dumpers (45 tons+) 15% 3% -80% 2016 On-highway trucks, trailers, buses 5% - 20% 5% - 15% -27% 2015 Special purpose lorries 5% - 15% 5% - 15% -11% 2014 Source: ‘Protocol on the accession of the Russian Federation’ (to the WTO)