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Export Forbidden
Economic Development and Trade Ministry has elaborated a draft to hike the export duty on rough wood by 30 percent on year till 2010. Unready to maintain similar rates for funding processing, the timber merchants fear the banning duties will trigger a crisis.
Economic Development and Trade Ministry has elaborated a draft to hike export customs duties on rough wood, including all types of softwood and veneer logs, said Vitaly Gudin, who is the deputy chief of the ministry’s department of foreign trade control.
Today’s export duty equals 6.5 percent of the customs value but no less than ˆ4 per a cu meter. But the amount increases by 10 percent (at least ˆ6 per a cu meter) starting from January 1, 2007.
Gudin said the new draft specifies the annual growth of 30 percent. By 2010, the ad valorem component will step up three fold to equal 20 percent, while the specific component will increase six fold to at least ˆ24 per a cu meter. The draft will be submitted to the government till December 10 to take effect March 1, 2007, Gudin promised with certainty.
And this confidence of high-rank bureaucrat seems well-justified. “Finance Ministry will back up the ruling,” Deputy Finance Minister Mikhail Motorin said, adding that, by 2010, Russia would have duties actually banning the export of rough wood. “It will be the warning to business,” explained Svetlana Stepanova, deputy head of foreign cooperation department of Industry and Energy Ministry.
www.kommersant.com
All the Article in Russian as of Nov. 21, 2006
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