What Opportunities Did Russia Bring To The WTO?

In August 23rd, the World Trade Organization (WTO).

Ushered in 156th member countries (regions) - Russia.

At present, many Xiaoshan enterprises are eager to try.

What opportunities will Russia bring to WTO?

Russia has become an emerging market for our region's exports.

Russia's accession to the World Trade Organization and its import and export tariffs should be lowered accordingly. This is undoubtedly a major positive news for many Russian trade enterprises in Xiaoshan.

Russia is currently the ninth largest export market in Xiaoshan.

According to the data provided by Hangzhou customs office in Xiaoshan, from 1 to July this year, Xiaoshan's total import and export volume to Russia was 150 million US dollars, an increase of 4.85% over the same period last year, of which 126 million US dollars were exported, up 26.8% from the same period last year, increasing by 26.6 percentage points over the whole region's average export growth.

In fact, under the current severe foreign trade situation, such an increase is quite alarming.

According to the staff of the foreign trade division of the District Commerce Bureau, the growth rate of Xiaoshan's exports to Russia is the first in all markets.

There is no doubt that Russia has become a major emerging market in Xiaoshan.

As the world's emerging economies, Russia's domestic market demand is huge.

Import sanitary ware, auto parts, clothing and so on every year from Xiaoshan.

The main products are Xiaoshan's traditional dominant products, such as down garments, dyed fabrics, and so on.

From 1 to July, the export of down garments was close to US $10 million, an increase of nearly 30% over the same period last year.

Xiaoshan imported raw materials such as caprolactam from Russia.

It is easy to see that Xiaoshan and Russia have strong complementarity in import and export.

"Russia's light industry is relatively weak due to the legacy of military competition in the former Soviet Union.

And Xiaoshan.

The development of the textile industry is complementary to Russia.

District business foreign trade division staff to reporters analysis.

After joining the WTO, Russia will be more open.

After the disintegration of the Soviet Union in the early 90s of last century, Russia, a country with low light industry, was in urgent need of importing large quantities of agricultural products and light industrial products from abroad.

For various reasons, after exporting goods to the port, the exporters usually have to stay for a long time to clear customs, and the tax rate is high.

As a result, a customs clearance company was produced in China, commonly known as "grey customs clearance".

The agency is specialized in helping Chinese businessmen to enter the Russian market at a rate lower than the legal level. Russian officials adopt a "one eye, one eye" attitude, while allowing the release, while confiscating the seizure, which makes many enterprises exporting to Russia suffer serious losses.

Nevertheless, many foreign trade enterprises in Xiaoshan are optimistic about this market after joining the WTO.

Russia will become more open and open after WTO entry.

It will modify or abolish prohibitions, permits and authorisation which do not conform to WTO rules.

This will be a huge market. "

This is generally accepted.

Fu Mei Hong, a financial officer of Hangzhou Jin Shun Import and Export Co., Ltd., told reporters that Russia is an important market for their enterprises.

Although the export proportion has declined this year, it accounts for more than 10%.

"In the current situation, it is very difficult to do foreign trade business.

But I believe that Russia's accession to the WTO will bring great opportunities to our enterprises.

A more open and free market will help us develop new customers. "

Fu Mei Hong said.

At present, there are no products exported to Russia, but they are very optimistic about this market.

"Russia is lacking in light industry, but Xiaoshan has this advantage.

In particular, clothing manufacturers such as ours will be able to make effective development in Russia through this opportunity, combined with their own manufacturing strength.

Han Bo people told reporters.

A staff member of the Hangzhou customs office in Xiaoshan also told reporters that from the import side, the reduction of tariff barriers after WTO entry will surely reduce the cost and competitiveness of Xiaoshan products exported to Russia.

Although Xiaoshan's textile and clothing exports to Russia have increased rapidly, furniture, bedding and other superior products are still short of concern for the Russian market, and the potential for development is very large.

From the point of import, Russia is a large resource country. Iron ore and other mineral resources are abundant, timber and pulp resources are abundant, and the heavy industry characteristics of the industry are obvious. Some advanced large-scale equipment is needed for the upgrading and upgrading of Xiaoshan's enterprises.

Whether it is import or export, Russia's accession to the WTO will be conducive to closer trade relations between Xiaoshan and Russia.

"At present, many enterprises in Xiaoshan have exported to Russia, and for these enterprises, they have already made the first move."

District Commerce Bureau official said.

For other export enterprises, it is possible to enter the Russian market as soon as possible to investigate and form a scientific and rational market development plan. At the same time, it can also participate in exhibitions in Russia, expand overseas marketing channels, and achieve new strategic layout.

The reporter learned from the notice of the Xiaoshan District Commerce Bureau on the announcement of the international exhibition project supported in 2012, that in the 12 international exhibition projects supported by the District Commerce Bureau this year, there are two exhibitions in Russia: one is Russia's automobile and zero parts exhibition in August, and the other is Russia's light industry in September.

And equipment exhibition.