Local time on July 23,,Russiafinished accession protocol domestic approval procedure, and on the same day to the world trade organization (WTO) issued a circular. According to wto regulations, after 30 days is also on August 23,,Russiawill be officially become the wto’s 156th member.
In the face of Russian entry into the wto, with commodity export the famous yiwu market already feel shock. In the first half of this year, the yiwu customs export Russia value of us $55.6 million, an increase of 1.6 times, is to promote yiwu commodity export growth in the first half of the obvious strong power.
The opportunity to yiwu commodity expand Russian market
SunLi is yiwu changhang international logistics co., LTD., director of the ministry of foreign trade. The last time, she found that yiwu many forwarding company openedRussiaspecial line. “Boss at work meeting also mentioned it many times the Russian special line, plans to add the line.” SunLi said, early in May, her boss is found, yiwu trade withRussiaincreased gradually. To seeRussiawill join the wto, SunLi think it will bring new opportunities for the yiwu small commodity.
Similarly, heard the Russian entry into the wto, yiwu business owners are hard to delight mask. Although Russia’s accession to the wto, tariff reduction also needs a process, the short term yiwu small commodity export growth in Russia may not have obvious ascension, however, that has not stopped part by the foreign trade exportation primarily yiwu enterprise expand the steps of the Russian market.
Recently,zhejiangdragon bags company of the production workshop in a busy scene, the worker is stepping up rushed next month to send toRussia’s 5 million yuan worth of cosmetic box. The company controller tells a reporter, August Russian formal accession to the world trade organization, the average tariff level from the current 9.5% gradually reduced from 6% to. To reduce the threshold means wide prospect of market, the company has tailored for a few Russian women’s cosmetic box, but also set up a branch inMoscow.
“Russia’s entry into the wto, to us is a very good news, tariffs, it is likely to drag a enterprise sales.”Zhejiangdragon bags co., LTD., executive director ShaoBaoLing onRussia’s accession expressed own view. She thinks, tariffs directly reduce the enterprises to export costs, and this for enterprises have very important significance. The reporter understands, at present the company is constantly increasing innovation, research and development of new products, and the previous product carry on comprehensive evaluation, pick out a batch of more suitable for the Russian market products. ShaoBaoLing said, in the Russian market, cosmetic box is quite popular.
For the Russian market, ShaoBaoLing have a lot to look forward to. This kind of looking forward to a data card, in the first half of this year, the nuggets countries in performance in yiwu commodity exporters grab an eye, the export value of us $550 million, a 40.5% increase year-on-year. Among them, the exportRussia55.6 million us dollars, up sharply increased by 1.6 times. With the August Russian entry into the wto, tariff barriers is reduced, the personage inside course of study thinks that the whole year yiwu small commodity export Russia is expected to more than double last year overall.
Yiwu enterprise both challenges and opportunity
Russiaofficially joined the wto, its overall tariff level from the current 10% to 7.8%, with industrial product tariff level from 9.5% to 7.3%. In the wto agreement,Russiasigned 57 trade in goods market access bilateral agreement and 30 service trade market access bilateral agreement. In addition to a portion of the goods under import tariff and market access enjoy transitional outside,Russiahave an obligation to perform all the wto rules.
Russia’s entry into the wto, the domestic enterprises especially yiwu enterprise, it means both opportunities and challenges.
Moscow – yiwu international trade center vice President SunJinXian said, “gray clearance” problem solving, in general to yiwu enterprises for Russia to the healthy development of the export trade, but in the short-term inside might be in part go low line of small and medium-sized enterprises to form giant impact.
“The new product development, brand promotion, etc factors become entrepreneurs are the key problems to face.” SunJinXian said, the product into the Russian market, in compliance with the WTO rules, and Russia will use of WTO rules to safeguard their rights and interests, yiwu enterprise is likely to face of intellectual property protection and the risk of anti-dumping investigation.
This news was published by Yiwu International Trade Co.,Ltd.:
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