EEC zeroed duties on certain types of artificial viscose fibers for one yearNews
On December 23, the Eurasian Economic Commission’s Council decided to reduce the rate of import customs duty on certain types of artificial viscose fibers from 5% to 0% for the period until December 31, 2021.
The products under consideration are fibers obtained as a result of chemical processing of natural cellulose and are used in light industry for manufacturing nonwoven fabric, household and hygiene products and disposable workwear.
Nowadays, the described fibers are not manufactured in the Eurasian Economic Union. At the same time, its biggest consumers in Belarus, Kazakhstan and Russia annually increase the existing capacity utilization and ramp up production for finished products. Furthermore, several projects are being implemented in the Union’s territory to organize a new production of wet wipes and nonwovens and it is also planned to open a full-cycle plant.
"The decision is aimed at supporting manufacturers of nonwoven fabric and hygienic products made therefrom. It is expected that it will contribute to developing production, reducing costs, improving profitability as well as increasing the competitiveness of products made by the Union's enterprises in the internal and foreign markets. Previously, such a measure has already been applied in the Union’s territory and has shown its efficiency," stressed Vahagn Ghazaryan, Director of the EEC Tariff and Non-Tariff Customs Regulation Department.
The temporary nature of the measure is due to the fact that by 2022 the Union plans to organize its own production of the viscose fibers required.
The Decision shall come into effect after 30 calendar days have elapsed from the date of its official publication.