EU removes quotas potash from Belarus Russia

EU removes quotas for potash from Belarus and Russia

12:46 PM, 18th July 2011
EU removes quotas for potash from Belarus and Russia

 

MINSK, BELARUS: The European EU anti-dumping measures against Belarusian and Russian potash producers expired on 13 July 2011, BelTA learned from the Head of Public Relations at Belarusian Potash Company, Filipp Gritskov.

Accordingly, duty-free import quotas on Uralkali and Belaruskali and import duties on deliveries in excess of quotas are no longer in force.

In accordance with the antidumping regulations, Russian producers of potash, Uralkali and Silvinit were allowed to supply about 1.53 million tonne per year duty-free to the EU, with about 830,000 tonne as Uralkali’s share and about 700,000 as Silvinit’s. If the companies exceeded the quota, import duties were applied at the rate of 12.3 per cent for Uralkali and 23 per cent for Silvinit. Belaruskali could deliver 700,000 tonne of potash fertilizers to the EU duty-free. Exceeding the quota implied a 27.5 per cent import duty.

The anti-dumping measures against the Belarusian and Russian producers of potash fertilizers were in force in the EU since 1992 and were subject to revision every five years. The last time the measures were revised by the European Commission was on 11 July 2006.

“After the removal of quotas on duty-free import to the EU, BPC will significantly strengthen its position in the European market, which in turn will have a positive impact not only on the performance of the Belarusian and Russian shareholders, but also on their input to the economy of the two countries,” said Vladimir Nikolaenko, General Director, Belarusian Potash Company (BPC).

Vladislav Baumgertner, CEO, Uralkali praised the prospects for the European market, which accounts for about 13 per cent of the sales of the combined company. “With the anti-dumping measures expired, Uralkali will not have to face the procedure of revision of the terms of delivery in connection with the merger of Uralkali and Silvinit. This will also allow avoid possible disruption of supplies to the European market,” he noted.

The Belarusian Potash Company is the exclusive exporter of potash fertilizers produced by Belaruskali and Uralkali.  

© Belarusian Telegraph Agency

 

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