Regulator recommends lifting import duties, Russia

Regulator recommends lifting import duties, Russia
Published: 28 November 2007

The Federal Anti-Monopoly Service (FAS) has submitted proposals to the government aimed at preventing further increases of cement prices, the regulator said.  
 
The proposals call for creating conditions for increasing cement production within the context of the national Affordable Housing project; lifting import duties and imposing export duties on cement as soon as possible; improving exchange trading of cement; conducting state intervention on the cement market through commodity exchanges; eliminating regional administrative barriers to the free movement of cement; tackling the problem of the lack of railcars for carrying cement; attracting leading world cement producers to act as institutional investors; introducing and developing a system of direct retail and small-scale wholesale cement sales to consumers; and monitoring the implementation of investment programs by the country’s top cement producers.  
 
The regulator has already submitted a proposal to the Economic Development and Trade Ministry to lift the 5% import duty on cement.