Eurasian Union

EEC zero rate of duty on cocoa products

Board of the Eurasian Economic Commission has decided to zero the rate of import duty on cocoa products until December 31 2017. The rate was 3-5% of the customs value.
World29 February , 13:04

The zero rate will apply to non-defatted cocoa paste, cocoa butter and cocoa fat. These cocoa products are used by manufacturers of confectionery products for the manufacture of chocolate and other products made of chocolate, according to the press service of the EEC.

"Reduced rate will increase the competitiveness of manufacturers of confectionery products from the EAEU countries", - a member of the Board (Minister) for the EEC  Veronika Nikishina explained.

The decision will come into force after 30 calendar days from the date of its official publication.