Russia plans to cancel out the tariffs on vehicles imported from Serbia

Russia plans to cancel out the tariffs on vehicles imported from Serbia

RBK – According to Kommersant newspaper, the officials from the Russian ministry of economy have stated that the government is ready to allow customs free imports of FIAT automobiles manufactured in Serbia to the country. The subject will be discussed during the Eurasian Economic Commission session on 15 April.

The aforementioned project proposes the cancelling out of tariffs between the two countries, within a certain amount of quota. In other words, Russia will also be entitled to export vehicles to Serbia customs free. The newspaper has written that GAZ Group is the only Russian manufacturer interested in the project so far. The Group plans to sell light commercial vehicles to the Balkan countries.

As one may remember, Russian and Serbian officials had previously negotiated on customs free sales of automobiles manufactured at FIAT’s Serbia factory to Russia, without coming to a conclusion. FIAT vehicles are manufactured in the city of Kragujevac in Serbia. The factory, which is owned by FIAT (67%) and the Serbian state (33%) has been manufacturing Punto since 2009 and 500L minivan since 2012.