Some Russian poultry producers have expressed concerns over the country's upcoming entry into the World Trade Organization, saying that the
resulting slashed customs duties on imported goods will create competition from
foreign markets that will cause challenges for domestic businesses.
In particular, farmers are looking at potential goods coming from the U.S., Brazilian and European markets. Right now, they say, 90 percent of the poultry consumed in Russia is produced domestically, but once the country's entrance into the World Trade Organization is finalized later in the summer, smaller farmers may not be able to compete with the influx of foreign options.
The government, which over the last years has launched a drive aimed at realizing Russia's under-exploited agricultural potential, also seems to acknowledge potential problems. According to sources, government members are holding meetings every week on the issue.
In particular, farmers are looking at potential goods coming from the U.S., Brazilian and European markets. Right now, they say, 90 percent of the poultry consumed in Russia is produced domestically, but once the country's entrance into the World Trade Organization is finalized later in the summer, smaller farmers may not be able to compete with the influx of foreign options.
The government, which over the last years has launched a drive aimed at realizing Russia's under-exploited agricultural potential, also seems to acknowledge potential problems. According to sources, government members are holding meetings every week on the issue.
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