GLOBAL PERSONAL CARE PRODUCT SECTOR LOOKS FOR BENEFITS FROM RUSSIA’S WTO ACCESSION
December 1st, 2011
BY ALAN OSBORN, LENA SMIRNOVA and KEITH NUTHALL
RUSSIA'S personal care product industry is bracing itself for tougher overseas competition following the accession of Russia to the World Trade Organisation (WTO), anointed at a December 15-17 WTO ministerial meeting in Geneva. Agreements securing its membership will cap Russian import tariffs at new lower levels, with the average for manufactured goods such as cosmetics, soaps and perfumes being 7.3% as against 9.5% today. These falls will be particularly steep for some personal care products, warned the Russian ...
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