Russia's pending reduction of import tariffs

Kunshang Sugar Net reported on February 18th, 2011 that although the current tariff rates of Russia, Belarus, and Kazakhstan will expire on Tuesday, the three countries have not set the import tariff rate for sugar next month.

Analysts at the Russian Agricultural Market Research Institute (IKAR) believe that the delay in the introduction of new tariff rates by the three countries may be related to Kazakhstan, as Kazakhstan has so far not approved previous parties to propose cutting the import tariffs on raw sugar from US$140/tonne. $50/t proposal.

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