Russia Joining the WTO

Russia joining the WTO
Local time on July 23, Russia economic development Ministry official said Russia had completed the domestic ratification procedure of the Protocol of accession to the WTO and on the same day, sent out the notification to the WTO. This means that Russia has completed all the relevant legal procedures about accession to WTO. Under the WTO rules, after 30 days-that is, on August 23, Russia will officially become the 156th member of WTO.
After Russia successful accession to the WTO, which impact on the market of construction machinery?
At present, Russia engineering machinery，likes concrete mixing plants , the tariffs are in the 0%-10%, crawler class is 5%, tire class is 10%. After the entry of WTO, estimated reduction in construction machinery product tariffs will not be too large, is unlikely to have big impact on the enterprise cost. But entering the Russian market will be relatively standard, such as product certification cycle will be shortened, the procedures will be easy.
Believing Russia joining WTO is also a very good opportunity to the concrete mixing equipment of Zhengzhou Unique Company.