Two sides of import duties

24 march 2014

The Analytical Center published a new bulletin on competition development “Import duties: barriers for competition development and protection of domestic producers”.
The establishment of custom duties which constitutes an additional entry barrier for foreign producers to gain access to internal markets affects import volumes and price situation in domestic market. In its turn, competing with foreign producers becomes a guarantee for reducing production costs, modernization and increase in domestic production efficiency. This bulletin describes some possible effects of liberalization of import duties. It also includes usual news review.