Russia approves 8% duty on large dia pipe imports

The Russian government has approved the imposition of an eight percent duty on imports of large diameter pipes for a period of three years. The duty will affect large diameter pipes under the following HS Codes: 7304 10 900 2, 7304 10 900 9, 7304 31 990 0, 7304 39 990 0, 7304 59 990 0, 7305 11 000 1, 7305 11 000 2, 7305 11 000 3, 7305 11 000 9, 7305 12 000 1, 7305 12 000 9, 7305 19 000 0, 7305 31 000 0, 7305 39 000 0, 7305 90 000 0. The duty will not affect imports of large diameter pipes from developing countries which come under the scope of Russia's Generalized System of Preference. The decision is to enter into force one month following the official publication.