Russia discusses the possibility of meat imports tariff at a zero rate
The Ministry of Agriculture of the Russian Federation proposed measures to stabilize meat prices. The initiative of the Department is to zero import duties on frozen beef and pork under the quota of 200 thousand Mt for each type - this is how the Ministry estimated needs on meat imports per year. Now for the import of foreign products, companies pay a fee of 15% and 25%, respectively. Such a measure will slow down rising meat prices, suggests the Ministry of Agriculture. Over the year, the domestic market for beef and pork rose by 7.8 and 19%, respectively. Proposals were sent to the Ministry of Economic Development and the Government apparatus for discussion.
Meat market experts note various aspects of the proposal of the Ministry of Agriculture. On the one hand, zero duties on the import of pork can go against the strategic investment plans of producers. On the other hand, the measures proposed by the Ministry of Agriculture will help slow down price increases, which is of important social importance.