Russia proposed to establish a zero import customs duty on the import of fiber-forming polyethylene terephthalate in the EAEU until the end of March 2027.

Ирина Орлонская Exclusive
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- Russia has initiated a proposal to introduce a zero import customs duty on the import of fiber-forming polyethylene terephthalate within the EAEU, valid until the end of March 2027. This information was published on the website of the Eurasian Economic Commission.

In this context, we are talking about position 3907 69 000 1 of the EAEU Customs Tariff, which includes polyethylene terephthalate used for the production of technical yarns.

As noted in the statement, this measure in the field of customs and tariff regulation aims to address the shortage of these goods in the EAEU, as well as to reduce the cost of the products produced using this material (such as polyester technical yarns, polyester cord fabric, and polyester geogrid). Furthermore, this should contribute to increasing competitiveness and expanding the market share of products from EAEU member countries both in domestic and foreign markets.
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