Economics, Econometrics and Finance
8 years ago

Russia's WTO Accession Slashes Tariffs, Boosting Trade and Economic Growth

World Bank policy research working paper
Impact of WTO Accession and the Customs Union on the Bound and Applied Tariff Rates of the Russian Federation
Oleksandr Shepotylo, David G. Tarr

Paper Summary

The tariff rates of Russia will decrease due to joining the World Trade Organization and the Customs Union with Kazakhstan and Belarus. By 2020, tariffs will drop from 11.5% to 7.9% on average. This means cheaper imports for Russian consumers.

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