:. Food Industry News


Russia to Extend Zero Duty on Unpacked Tea

Source: Reuters
13/11/2007

Moscow, Nov. 12 - Russia will extend indefinitely a zero tariff on unpacked tea imports, initially set in February for nine months, the Economic Development and Trade Ministry said on Monday.

Daily News Alerts

A ministry spokeswoman said a draft of the resolution had been sent to the government for signing.

In February, Russia scrapped a 5 percent import tariff on unpacked black and green tea for nine months to stimulate domestic packaging and exports.

Under Russian legislation, tariffs are scrapped initially for nine months, after which the government takes a decision whether to drop them indefinitely or not.

Russia is a traditionally tea drinking country, consuming over 170,000 tonnes of tea per year. Its main suppliers are Sri Lanka, India, China, Indonesia, Kenia and Vietnam.



GO   View more articles on this subject

Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Tata Tea to Buy Stake in Russian Firm
Russian Tea Imports Seen Up During Crisis - Lobby
Crisis May Make Russia Cut Tea, Coffee Imports 20 pct
Russian Ban Might Impact India's Tea, Coffee Exports...
India Aims to Regain Top Spot in Russia Tea Market
Russia Scraps 5 Pct Import Tariff on Unpacked Tea
Russia may Examine Dropping Unpacked Tea Tariff
Russian Grocer X5 Plans Higher 2010 Capex
Seventh Continent Owner Cedes Stake in Debt Deal
Subway Eyes 1,000 Russian Outlets by 2015

More in Food Industry News
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
Brenntag Changes 2.5 Bln Euro Loan to Allow IPO
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Ferrero, Hershey Would Likely Break up Cadbury
Indonesia's Astra Agro Revises Up CPO Forecast
Cocoa Supplier Olam to Benefit from Consolidation Among...

Top Headlines
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Cocoa Supplier Olam to Benefit from Consolidation Among...
Avebe and National Starch Food Innovation to Expand...
Auchan Backs Hypermarkets as Rivals Rethink
Ferrero Could Eye Cadbury Gum, Candy Unit
Dole Food Posts Wider Q3 Loss
Fonterra Sells Stake in UK Joint Venture to Arla
Imperial Sugar Company Closes Three-Way Joint Venture...
PepsiCo to Invest $100 Million in Egypt in 2010
Ex-Parmalat Auditors Settle US Investor Lawsuit
Tesco in Broadband Push as Reaches Beyond Groceries
India Sugar Protest Forces Parliament to Shut
Kerry Group Keeps Full Year Earnings Growth Forecast
Nestle Professional to Acquire Vitality Foodservice
Pinnacle Foods Acquires Birds Eye Foods for USD 1.3...
DSM Makes Great Strides in Production Processes for...
Russian Grocer X5 Plans Higher 2010 Capex
Brazil: Laep in Talks to Sell Dairy Plant to Nestle
SunOpta Announces Opening of Natural and Organic Sesame...
Products Comprising, and Uses of, Decarboxylated Phenolic...
Process for the Preparation of Packaged Heat-Preserved...


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228