RUSSIAN TEXTILE INDUSTRY CALCULATES LOSSES FROM WTO ACCESSION – ONE YEAR LATER
October 2nd, 2013
MORE than year after Russia’s World Trade Organisation (WTO) accession on August 22, 2012, the country’s textile industry is calculating its losses following the resulting decline of customs duties on imports of textile and clothing, and the associated influx of cheap textile products from abroad.According to data from the Russian Union of Entrepreneurs of Textile and Light Industry, since the beginning of the current year, the WTO accession has already resulted in increases of imports of knitted fabrics, which rose by 18%; of cotton, by 16%; and finished ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.