Belarusian government planning broad import restrictions

The government has drawn up a presidential edict that would give 12 state-owned manufacturers the monopolistic right to import a wide range of consumer and industrial goods between July 1, 2014 and January 1, 2015.

The companies include Minsk Bearing Plant, Homel-based agricultural equipment maker Homselmash, Minsk-based machine tool manufacturer MZOR, tire maker Belshyna, Minsk Engine Plant, elevator maker Mahiliouliftmash, electronics company Integral, refrigerator maker Atlant, television manufacturer Horizont, Minsk Tractor Works, Minsk Automobile Plant, and Kozlov Minsk Electrical Equipment Plant.

The goods in question are televisions, home appliances, bearings, engines, agricultural equipment, trucks, machine tools, elevators, tires and others.

The government believes that the import restrictions are needed for defending the country’s economic interests. The authors of the draft edict explain that many materials and components used in the manufacture of equipment are currently imported at too high prices.

However, experts suggest that the measure is mostly aimed at cutting back on imports of consumer goods., via BelaPAN

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