Russia's accession to the WTO will drive the rubber machinery market demand analysis
Russia's accession to the WTO is an inevitable choice, which is not only in line with Russia's economic strategic interests, but also conducive to closer economic and trade cooperation between emerging economies, to provide a new impetus to the establishment of a new economic order. Luo Baihui analysis pointed out that after the accession to the WTO, Russia will gradually integrate into the global economy, a more stable trading environment, will bring a new round of Sino Russian trade prosperity. It is particularly worth mentioning is that the rapid growth of the Russian market of rubber machinery has been a concern, entered the WTO era of the Russian market will bring new opportunities for the export of China rubber machinery enterprises.
According to the WTO agreement, Russian general tariff level will be reduced to 7.8% from 10% in 2011, the overall tariff level of agricultural products from the current 13.2% to 10.8%, the overall tariff level of manufactured goods industry will be adjusted from 9.5% to 7.3%. From the date of accession, Russia has the obligation to the implementation of the new tariff system for more than 1/3 of the import and export tax, otherwise 1/4 tariff will be adjusted in place in 3 years.
At present, the main importer of Russian rubber machinery market in Germany, Italy and Ukraine, Chinese ranked fifth. With the lowering of tariffs, as Russia's neighbors, both from the geographical convenience or from the price advantage, Chinese rubber machinery industry will benefit. In addition to lower tariffs, Russia's accession to the WTO will also bring long-term positive China rubber machinery industry, which is mainly reflected in the following two aspects: one is to further improve the investment environment in Russia, is expected to attract more foreign cars, tire manufacturers to set up factories, so as to drive the rubber and plastic machinery demand; two is in the WTO rules under the constraints of the Russian customs the management system will be more standardized, legal, trade disputes are expected to be more efficient, which will undoubtedly promote the Sino Russian bilateral trade cooperation, China rubber machinery manufacturers can more easily export their own products.
In recent years, the Russian rubber machinery market has developed rapidly, the scale has reached 300 million to 400 million U。S。 dollars, a huge potential for future development。 At present, Russia has more than 2 thousand companies involved in rubber processing, rubber machinery 45% of the age 10 to 20 years, 25% more than 20 years, the need to update the equipment。 In addition, the growth of plastic products demand space is also great, will lead the market to increase the demand of rubber machinery。 With the rapid development of the Russian food industry, the demand for plastic packaging materials has increased correspondingly。 The demand for plastic products in building materials, sporting goods, stationery and automobile industry is increasing。
In addition, China's tire exports to Russia will usher in a new opportunity. Russia is a big tire demand, especially in Russia's economic growth in the current market demand for tires increased significantly. At the same time, China's tire exports have a strong price advantage, more suitable for the current Russian market. Since 2005, China has entered the Russian market for various types of cars, which has also attracted the attention of the Chinese tire industry to the Russian market.