Russia Proposes Limitations on the Import of Furniture From “Unfriendly Countries”

Izvestia is reporting that the Association of Enterprises of the Furniture and Woodworking Industry of Russia (AMDPR) has proposed that the Ministry of Industry and Trade introduce protective duties on the import of furniture, raw materials, or components for its manufacturing from unfriendly countries.

The AMDPR is proposing to establish a duty on the import of furniture from unfriendly countries in the amount of 60%, and for all other countries—10%.

The AMDPR says the proposal is explained by sanctions, due to which the Russian companies of the timber industry complex (TIC) have increased their logistics costs many times over. Over 60% of traditional sales markets have been lost.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Izvestia (.ru)