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Government approves extension of wheat export duty - EastRussia | Far East

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The government approved the extension of the zero duty on the export of wheat

The government approved the extension of the zero duty on the export of wheat
Photo: pixabay.com

The Government of the Russian Federation supported the initiative to preserve the zero duty on wheat exports at a meeting of the subcommittee on customs tariff and non-tariff regulation, and protective measures in foreign trade of the Government Commission on Economic Development and Integration. This is reported on the official Online Ministry of Economic Development.

“This measure is aimed at creating a favorable environment for the export of wheat,” the message says.

Earlier, the Ministry of Agriculture proposed keep zero duty on wheat exports in 2019 year. According to the authors of the initiative, the expected yield of 118 million tons must fully satisfy both the domestic needs of the country and provide good prerequisites for export.