Confectioners in the EAEU countries were supported by a subsidy for one imported product

Евгения Комарова Economy
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According to information from the press service of the Ministry of Agriculture and Food Industry of the Kyrgyz Republic, the Council of the Eurasian Economic Commission (EEC) has decided to establish tariff preferences for the import of cocoa butter. This measure will exempt cocoa butter, classified under the EAEU customs code 1804000000, from import duties for up to 300 tons per year.

This exemption will be in effect annually and will last until April 30, 2027.

As stated in the announcement, the aim of this initiative is to support confectionery and food production in the EAEU member states, as well as to develop local production and create added value within the union.

Imported cocoa butter may only be used for processing and producing final products within the territory of the respective EAEU member state. The use of this raw material for other purposes is prohibited.

This requirement is aimed at stimulating the development of local production and improving the competitiveness of goods produced within the union.

Photo on the main page is for illustrative purposes: foodfeast.ru.
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