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Russian business slams WTO, seeks government protection
23
Apr '15
An influential Russian business bloc has asked the government for protectionist measures to support domestic producers, according to media reports in the country.

The International Chamber of Commerce (ICC), Russia, in a letter to the presidential administration has proposed that terms of Russia’s WTO membership be reviewed.

The most active of the ICC is the Russian Union of Entrepreneurs of Textile and Light Industry (Soyuzlegprom), uniting major textile and footwear companies of Russia. The union has sought protective duties on imports of clothes and footwear.

"It takes the World Trade Organisation several years to achieve the abolishment of high duties, and this is enough to strengthen positions of local producers. We must take the same road instead of following all instructions that nobody but us abides by," the president of Soyuzlegprom, Andrei Razbrodin, said. (SH)

Fibre2fashion News Desk - India


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