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... according to which the product range of Russia's foreign trade will include new provisions that will cover meat supplies to Russia within the corresponding quota and beyond it.

The decree was signed in order to ensure the stable development of the Russian agricultural sector until 2010, stabilize product supplies to the Russian market, ensure the efficiency of Russia's customs duty policy in view of the rules and norms of international law.

According to the Government Information Department, a quota for mutton supplies was set at 315,000 tons a year, while for pork supplies - at 377,500 tons a year.

Import quotas unlikely to cause meat deficit in Russia

The amount of the quotas on poultry, beef and pork imports in Russia is quite moderate, and it will not cause any deficit on the domestic market, Deputy Prime Minister, Agriculture Minister Alexey Gordeyev said at a news conference in the House of Government. Therefore, the opinion of some experts that the amount of the quotas on beef and pork is too big, since it is practically in accordance with the normal volume of supplies, is not quite justified, Gordeyev thinks.

The specified amount of quotas will allow for "maintaining the stability of the consumer market," he remarked.

The agriculture minister voiced the opinion that as domestic production grows, it would be able to replace imports in the future. According to Gordeyev, in order to increase the volume of supplies of meat produced in Russia to the domestic market, the government plans to support production.

For example, a system of five-year loans for agricultural producers, which provides for budget subsidies to reduce the interest rate for such loans, will be introduced beginning 2003.

According to Gordeyev, such loans will first of all be granted for projects dealing with building, reconstruction and modernization of large farms and purchasing of equipment for them.

Source: RosBusinessConsulting via COMTEX - 28th January 2003