USA cancels the trade privileges for Russia
USA cancels the trade privileges for Russia within the Generalized System of Preferences (GSP USA), declared the President of the USA, Barack Obama on May 7, 2014.
When the stated issue comes into force, the Russian commodities, being imported to the USA under the conditions of the GSP, will be liable to customs duties on a common basis.
In fact, the stated issue is one of the general sanctions against Russia, due to the situation around Ukraine. But officially, there is no connection with the stated events. Remind, that the US Government stated Russia is the economically developed country and there is no necessity to use the preference treatment, provided for less developed countries.
Remind, that the European Union and Canada excluded Russia from the same programs.
GSP – is the state program, providing the duty-free on the commodities' supplies to the USA. As of the end of July, 2013 Russia had 425 commodity items for duty-free imports. The Russian exports to the USA within the GSP used to reach the amount of 544 mln USD.
You should be authorized to post comment
On October 1, Russia purchased 7 thsd tonnes of grains to the intervention fund
In 2014/15 MY Russian to rise grain exports through the Baltic ports – expert
In September Russia reduced grain exports through the deep-sea ports – Rusagrotrans
EU not to cancel the sanctions for Russia
Crimean agrarians to begin mass planting of winter grains on October 1
As of September 1, Russia harvested 72.5 mln tonnes of grains – Rosstat
On September 30, Russia purchased 19.5 thsd tonnes of grains to the intervention fund
Russia harvested over 96 mln tonnes of grains