Tuesday, November 18, 2008

More evidence...

...for conclusions listed in previous posts.

Russia to raise import duties
By Alan Beattie in London

Published: November 17 2008 18:14 | Last updated: November 17 2008 18:14

Russia said on Monday that it would push ahead with sharp rises in import duties in the near future in spite of signing the Group of 20 communiqué that promised not to introduce protectionist measures for a year.

Dmitry Pankin, deputy finance minister, said Moscow would increase tariffs on imported cars, a move that had already been planned to protect Russian car producers. Russia has also announced a general review of trade agreements, including commitments made as part of its application to join the World Trade Organisation. The review may result in duties being increased and import quotas for sensitive products being cut.

Nov. 18 (Bloomberg) -- Brazil and Argentina agreed to raise import
taxes on various products from outside the Mercosur trading bloc, O
Globo said.

A proposal for raising the tariffs was adopted at a bilateral trade
commission meeting in Buenos Aires and should be formally approved at
a Mercosur meeting in December, according to O Globo, which didn't say
where it got the information.

The higher taxes will be applied to imports of products including
wine, peaches, canned foods, textiles, pasta and wooden furniture, the

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