In a continued effort to align with World Trade Organization (WTO) rules for trade facilitation[i], The Federal Customs Service of Russia has reduced tariff rates for more than 1700 Harmonized Schedule (HS) codes. The reduced rates went into effect on September 1, 2016, and impact many different industry sectors.
Examples of reduced tariff rates that are of interest to clients importing pharmaceutical products include:
HS Number New Rate (from 09.1.2016) Rate (up to 08.31.2016)
3004200001 4 % 6.8 %
3004200003 5 % 7.5 %
3004320001 4 % 6.8 %
3004320009 3 % 4.0 %
3004390001 3 % 4.0 %
3004400005 5 % 7.5 %
3004500001 4 % 6.8 %
3004500005 4 % 5.0 %
3004900005 5 % 6.3 %
A complete table comparing new tariff rates to previous tariff rates can be found here.
Since becoming the 156th member of the WTO in August of 2012, The Russian Federation has struggled to comply with WTO guidelines for decreasing or eliminating tariff and non-tariff barriers. So, these across-the-board tariff rate reductions go a long way towards making good on their WTO commitments.
Questions regarding this update may be forwarded to Tradecompliance@marken.com
Daniel J. Bell
VP, Regulatory Compliance & Technical Affairs