Duties on foreign cars will be reduced

VLADIVOSTOK. February 14. VOSTOK-MEDIA - Russia after WTO accession will reduce import duties on new cars from 30 to 25 percent, said the director of the Department of Trade Negotiations Ministry of Economic Development, Maxim Medvedkov.
According to him, the entry of Russia into the WTO could occur as early as 2012, with over seven years, the fee drops to 15 percent, according to the website of «NEWSru».
Recall, the Russian government in 2008 went to raise import duties on new and used cars from 25 to 30 percent to support domestic auto industry. In many Russian regions have been stock with car owners and those engaged in importing and selling vehicles that were dissatisfied with the decision of the government. Particularly unhappy with increased duties on foreign cars and all the inhabitants of Primorye Far East, where 90 percent of the cares - are the Japanese cars, including a term of operation, more than 5 years.