Russia may raise tariffs on Bulgarian exports unless the Balkan country lowers
customs duties on industrial imports from Russia, a trade official said on Friday,
in reports from Associated Press.

AP quoted Russia’s trade representative in Bulgaria, Alexander Semernev, as
saying that Sofia failed to fairly respond to partial trade incentives that
Russia has offered it. But he would not elaborate on those incentives.

Semernev reportedly said that Bulgaria levied tariffs of between 13 and 25%
on Russian tractors, cars and trucks, while duties on similar products from
the European Union were between 0 and 7.5%. He said his country’s goods were
being "discriminated against.”

"Liberalisation of trade is a two-way issue, a road with two lanes,”
Semernev reportedly said in an interview for the private Darik radio. "We
are considering an option of raising tariffs and cancelling incentives for Bulgaria.”

"Russia is dissatisfied by the moves of the Bulgarian government,” Semernev
said. "We meant that Bulgaria should revise import tariffs on machines
and technical products from Russia, but nothing was done in recent years.”

AP said that Bulgaria has started accession talks with the EU in March and
will gradually liberalize trade with the union. The Balkan country has also
revamped its tariff policies on motor vehicle imports in line with EU environmental
standards which Russian cars don’t match, encouraging the use of unleaded fuels.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.