Eurasian Economic Union Will Begin To Cut Import Tariffs From September 1St Onwards.

The Kirgiz state of Kirgiz reported that Kyrgyz kbar has reported that

(ministerial level) Nikisch Aa said Russia needs to honour its commitments to join the world trade organization.

Nikisch Aa also said that this would be the last large-scale tariff reduction caused by Russia's accession to the WTO, and in 2013 it had cut down about 5000 kinds of commodity import tariffs, while in the 2014-2105 years it had reduced about 4500 commodities.

Since September 1, 2016, Eurasian Economic Union will target 1780 commodities (including paper, carpet, furniture, candy, etc.)

The import of industrial refrigerating equipment, building materials, fish, dried fruits and so on has been cut down.

Thus reducing the average import tariff rate by 1-2%.

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In March of this year, Ortega Ortega, the world's second richest and Inditex costume Empire, received an unexpected invitation. The Russian government hopes that he will move the factory to Russia, where the production cost of the rouble has been lower than that of China because of the weakness of the ruble, Amancio.

UPI reported that the Russian Ministry of industry and trade announced that they were communicating with Inditex.

Other manufacturers such as H&M, IKEA and Decathlon will follow this trend.

At present, Inditex's clothing factories are mainly distributed in Vietnam, Indonesia, China, Turkey and Eastern Europe.

In terms of retail stores, this is the third largest market after Spain and China.

In November 2015, Russian military aircraft was shot down by Turkey near the Syria border, and foreign players' interest in Russian textile industry increased further after tensions between the two countries.

Since then, Russia has substantially reduced imports of Turkey. Although the textiles are not yet covered by the ban, the business people reported in December last year that the Russian government may also include Turkey clothing in the list of prohibited entries.

In addition, at the end of last year, Turkey T24 television also reported that brands such as Zara, Mango and H&M asked Turkey manufacturers to remove the label "Turkey made" so that clothing would not be resisted by Russian consumers.

However, to fundamentally solve the problem, of course, the relocation of factories to Russia can be once and for all.

At present, Russia's local garment factories mainly face their retailers and consumers, so how competitive they are compared with Chinese and Vietnamese rivals remains to be further observed. The output of the latter two is 100 times greater than that of them.

Now, those big international brands use the global outsourcing system, such as signing a contract with a garment factory in a country, and selling the finished products to the whole world.

This system requires the most stringent standardized production procedures, and the factory must also invest a lot of money, which is a challenge that Russian manufacturers have never met.

Lyudmila Ivanova, head of the Fashion Industry Council of the Russian textile association, firmly believes that Zara or H&M will be produced in Russia and the quality of products will not be reduced. Ivanova,

"We have learned to produce high quality garments.

Many Russian brands are very popular among our consumers.

Some things, if not told that you are made in Russia, you still think it is made in Europe.

Russia's major clothing brands, the current production plants are mainly in Asian countries.

"At present, our orders are mainly made by factories in China and Bangladesh, but we are very interested in Russian manufacturers."

Oosterloo Broad Ostrobrod, vice president of Sela, a Russian clothing chain, said they were considering moving the production back to the Russian mainland. (Eduard)