Russia used to be the largest export market for Chinese cars. In 2007, during the peak period, Chinese cars exported nearly 57,000 vehicles to Russia. Since the financial crisis, the access threshold for imported cars in Russia has become higher and higher. The first is to significantly increase the standards for the certification of imported automobiles, followed by the increase of tariffs, and the second is to raise the emission standards. Finally, the proportion of local banks shrinking credit. In 2008, the situation of China’s auto exports to Russia turned sharply. In 2009, it slipped to a low point, when only a few hundred vehicles were exported from China to Russia.
Recently, during the visit of our country’s national leaders to Russia, the governments of the two countries issued the “Joint Statement on the Current International Situation and Major International Issuesâ€. The Chinese government promised that “China supports Russia’s accession to the World Trade Organization by the end of 2011.†The 17-year application process for China's accession to the WTO is expected to break.
WTO rules stipulate that after the accession to the WTO, Russia should abandon the measures to protect domestic automobile manufacturers by imposing high tariffs on imported cars. The reduction of tariffs and the harmonization of policies cannot impose arbitrary non-tariff barriers on member countries. Russia must increase transparency in accordance with the rules of the World Trade Organization, so that the legitimate interests of Chinese enterprises will be guaranteed and will benefit China's auto exports.
According to the relevant person in charge of the overseas market department of Yutong, in theory, once Russia enters the WTO, it must follow the general rules of the WTO. WTO's principles of non-discrimination, market opening, and fair trade will help reduce or eliminate trade barriers. Together with low-interest loans, car subsidies and other policies in place, it will help provide a more open and fair market environment. This provides more favorable conditions for Chinese passenger cars entering the Russian market.
The prospects for Chinese passenger cars to export to Russia are good. Chinese passenger cars are very suitable for Russian use requirements. First, Russia’s domestic companies produce very small passenger cars, have low technology, Chinese buses are relatively inexpensive, and Russian users’ purchasing power is not high. Second, although Russia’s climate is cold, its road conditions are similar to those of China; In recent years, the quality of passenger cars in China has improved, provided that Russia can successfully join the WTO.
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