Russia considers raising Import Duty …again

UPDATE: RUSSIA TIGHTENS USED CAR IMPORTS

Once again, the Russian government is considering sharply raising Import Duty on used cars to stem the tide of second-hand vehicles entering Russia. Consistently for the past few years Russia has been the top Japanese used car importer, where even last year alone they imported 441,539 used cars and this year looks set to clearly surpass that amount by the end of this year. Being that they import more than four times the amount of automobiles than the next biggest Japanese used car importing country, having Russia exports restricted can hurt this export industry.

The cause of them thinking about raising duties no doubt has multiple factors. For one, Russia has a long history of heavily favoring Lada (a Russia car manufacture) by keeping competition costly with high import costs. Another factors include the desire to get foreign car manufactures to set up plants within Russia (providing Russians jobs), cut the amount of money leaving Russia, and to be less dependent on the used car market.

On the bright side for Japan’s exporters, the idea of raise used car import duty is not new. In fact it has been discussed many times, but dropped when the far-east Russians protested. This is because the majority of the far east Russia relies on Japanese and Korean used cars which are affordable for those living in that market.

Source – Forbes

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2 Responses to “Russia considers raising Import Duty …again”

  1. Russia Tightens Used Car Imports « Japanese Used Car Importing Weblog Says:

    […] Tightens Used Car Imports By japaneseusedcarimporting In follow up to our previous blog post, we can confirm used car imports to Russia will have an increase in import duty. As it was […]

  2. www.mobilecaralarmsessex.co.uk Says:

    Hmm is anyone else experiencing problems with the pictures on this blog
    loading? I’m trying to find out if its a problem on my end or if
    it’s the blog. Any suggestions would be greatly appreciated.

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