Russia’s WTO accession will not lead to imports surge
The forthcoming and long-awaited entry of Russia into the WTO will result in a change in the balance of power in the Russian polymers market, but will not lead to a sharp increase in imports, as some experts predict. According to Russia's obligations of WTO’s accession, during the period of 2014-2018 years duties on the imports of products, made of polymers, including pipes, films, plates, sheets, packaging will be reduced from 10% to 6.5%. In addition, the same reduction will be observed in the case of basic polymers, which duties will be also reduced to 6.5%. The duty on the imports of polyethylene terephthalate will be reduced from 5% to 4% in 2013, while on polyurethanes to 6.5% by 2015, from the current 10%. In the case of linear polyethylene and polystyrene the duties will be set at the rate of 6.5% by 2014.