News

Russia Intends to Reduce or Cancel Import Duties For Agricultural Products From Iran

16.12.15

On December 16, 2015 Minister of Economic Development of the Russian Federation Alexey Ulyukaev in Nairobi met Minister of Industry, Mining and Trade of the Islamic Republic of Iran Mohammad Reza Nematzadeh during the 10th Conference of the Ministers of the WTO.

During the meeting the Ministers discussed the question of preferential regime possibility in trade with Iran.

According to Minister of Economic Development of the Russian Federation Alexey Ulyukaev the research group that is being created now is to make a decision on reasonability of such regime and of free trade area with Iran as a potential goal. “It is too early to determine the date of the creation of free trade area with Iran,” noted Alexey Ulyukaev. “Now we begin the negotiation process on preferential regime keeping in mind a free trade area as an ultimate option.”

At present the level of commodity turnover between Russia and Iran does not correspond to a substantial potential that the economies of two countries demonstrate. During the first 10 months of 2015 commodity turnover between our countries showed decrease of 23.6% compared with the same period in 2014 and is a bit more than 1 billion US dollars.

According to Alexey Ulyukaev the signing of the bilateral investment treaty and protocol to it between Russian and Iranian governments that is planned in the nearest time may become a signal for business communities of both countries and guarantee of stable increase of investment interaction.

“We offer important steps to improve trade conditions for Iran, I mean reduction and in some cases cancel of customs tariff, first of all regarding agricultural goods – vegetables and fruits,” Minister of Economic Development of the Russian Federation said.

According to Minister of Industry, Mining and Trade of the Islamic Republic of Iran Mohammad Reza Nematzadeh Iranian specialists are forming the list of agricultural goods that Iranian companies are ready to supply Russian market with.

It may refer to cancel of import customs duties rates for pistachios and dates on a regular basis and to temporary reduction (during three years) of import customs duties rates for dry grapes, cauliflower, broccoli, and Brussels sprout. This offer will be considered during the session of Sub-Commission on the customs tariff and non-tariff regulations and protective measures in external trade; this Sub-Commission is the part of government commission on economic development and integration. Following the offer consideration it will be forwarded till the end of the year to Eurasian Economic Commission where the members of the Eurasian Economic Union will approve this offer according to the procedure.

Documents