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EAEU zeroed import duties on fabrics for carpet production for two years
The Eurasian Economic Commission's Council adopted a decision to zero out the import customs duty on certain types of fabrics made from flat or similar yarns of polyethylene or polypropylene (code 5407 20 190 0 of the CN FEA of the EAEU). The measure will be valid for two years, currently the duty rate is set at 8%.
Moreover, the customs tariff regulation measure in question will make it possible to mitigate the negative impact of sanctions pressure on the economies of a number of the EAEU States.“The decision is aimed at supporting manufacturers of carpets and carpet products in the Eurasian Economic Union countries and will help reduce cost price, improve profitability and competitiveness, as well as increase output and supplies to the internal market and exports,” noted Natalia Samoilova, Deputy Director of the Eurasian Economic Commission's Tariff and Non-Tariff Customs Regulation Department.
The decision shall come into effect after 10 calendar days have elapsed from the date of its official publication.
For reference
In accordance with Decision No. 46 of the EEC Council dated April 5, 2022, the import customs duty rate of the СCT EAEU amounting to 0% was already applied to the goods in question from March 28, 2022 up to and including September 30, 2022.
