Eurasian Economic Committee LCD TV Import Duty at 16%
[2013-03-29 10:04:03]
On March 19, the Eurasian Economic Committee Council made a decision to raise import duties on LCD TV sets to 16%, automatically taking effect 30 days later.
In November 2012, the Republic of Belarus proposed to raise duties on imported LCD and PDP TVs and monitors from 10% to 16.7%, and not less than Eur 42.5/set.
At present, native television capacity of Russia, Belarus and Kazakhstan only can satisfy 60% of the market demand, and the shortage of 40% depends on imports. The duty hikes aim to enhance the local price competitiveness, stimulating local output and expanding local shares.
Source: ETCN
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