Impact of WTO Accession and the Customs Union on the Bound and Applied Tariff Rates of the Russian Federation

Impact of WTO Accession and the Customs Union on the Bound and Applied Tariff Rates of the Russian Federation

After 18 years of negotiations, Russia has joined the World Trade Organization. This paper assesses how the tariff structure of the Russian Federation will change as a result of the phased implementation of its World Trade Organization commitments...

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Bibliographic Details
Main Authors: Shepotylo, Oleksandr, Tarr, David G.
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2012
Subjects:
AGRICULTURAL PRODUCTS
APPAREL
APPLIED TARIFF
AVERAGE TARIFF
AVERAGE TARIFFS
BALANCE OF PAYMENTS
BILATERAL FREE TRADE AGREEMENTS
CONCESSIONS
CUSTOMS
CUSTOMS UNION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
ECONOMIC DEVELOPMENT
ENDOGENOUS TARIFF
EQUIPMENT
EXCHANGE RATES
EXPORTERS
EXTERNAL TARIFF
FOOD INDUSTRY
FREE ACCESS
FREE TRADE
GOVERNMENT REVENUE
HIGH TARIFFS
IMPORT DATA
IMPORT DUTIES
IMPORT SHARE
IMPORT STATISTICS
IMPORT TARIFF
IMPORT TARIFFS
IMPORTS
INFLATION
INTERMEDIATE INPUTS
INTERNATIONAL BANK
LOBBYING
MARKET ACCESS
MEMBER COUNTRIES
METAL PRODUCTS
MOST FAVORED NATION
POLITICAL ECONOMY
PREFERENTIAL STATUS
SET OF TARIFF
TARIFF CLASSIFICATION
TARIFF COMMITMENT
TARIFF COMMITMENTS
TARIFF CUTS
TARIFF DATA
TARIFF EQUIVALENTS
TARIFF ESCALATION
TARIFF LEVELS
TARIFF LINE
TARIFF LINES
TARIFF POLICY
TARIFF PROTECTION
TARIFF RATE
TARIFF RATES
TARIFF SCHEDULE
TARIFF STRUCTURE
TRADE AGREEMENTS
TRADE DATA
TRADE DISTORTIONS
TRADE PERFORMANCE
TRADE POLICY
TRANSACTION
TRANSITION COUNTRIES
UNIFORM TARIFFS
VALUE OF IMPORTS
WORLD TRADE
WORLD TRADE ORGANIZATION
Online Access:http://documents.worldbank.org/curated/en/2012/08/16586021/impact-wto-accession-customs-union-bound-applied-tariff-rates-russian-federation
http://hdl.handle.net/10986/12001
Description
Summary:After 18 years of negotiations, Russia has joined the World Trade Organization. This paper assesses how the tariff structure of the Russian Federation will change as a result of the phased implementation of its World Trade Organization commitments between 2012 and 2020 and how it has changed as a result of its agreement to participate in a Customs Union with Kazakhstan and Belarus. The analysis uses trade data at the ten digit level, which allows the first accurate assessment of the impact of these policy changes. It finds that World Trade Organization commitments will progressively and significantly lower the applied tariffs of the Russian Federation. After all commitments are implemented, tariffs will fall from 11.5 percent to 7.9 percent on an un-weighted average basis, or from 13.0 percent to 5.8 percent on a weighted average basis. The average "bound" tariff rate of Russia under its World Trade Organization commitments will be 8.6 percent, that is, 0.7 percentage points higher than the applied tariffs. Russia's commitments represent significant tariff liberalization, but compared with other countries that have acceded to the World Trade Organization, the commitments of the Russian Federation are not unusual, especially when compared with the Transition countries.

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