Kyrgyzstan outdoor energy storage anti-dumping duties

4 FAQs about Kyrgyzstan outdoor energy storage anti-dumping duties

What is anti-dumping duty & countervailing duty in Kyrgyzstan?

Anti-dumping duty is a tax imposed on imported goods that are sold at a lower price than their fair market value. Finally, countervailing duty is a tariff imposed on imported goods to offset subsidies given to foreign producers. Kyrgyzstan is taking the necessary steps to protect its economy and citizens.

Will Kyrgyzstan apply anti-dumping duties?

According to the adopted vaguely worded law, Kyrgyzstan will apply anti-dumping duties to goods that can cause material damage to Kyrgyzstan, pose a threat to the economy or slow down its growth. The law could be accessed here

How do customs duties affect the economy of Kyrgyzstan?

In the broader context of Kyrgyzstan's economy, customs duties directly impact the balance of trade and the overall economic health of the nation. By influencing the flow of goods across borders, these duties contribute to the economic stability of the country.

How has Kyrgyzstan's accession to the EAEU affected import duties?

As per projections from the Ministry of Economy and Finance, the typical import duty percentage rose from 5.04% to 9.4% following Kyrgyzstan's accession to the EAEU. Small Kyrgyz manufacturers have faced increased rivalry from industrial-scale competitors as participating countries have opened their marketplace to each other.

Law No. 131 On special protective, anti-dumping and countervailing

This Law regulates the relations arising in the implementation of foreign trade in goods, establishes the legal basis for the application of special protective, anti-dumping and countervailing measures when
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Kyrgyzstan outdoor energy storage anti-dumping duties

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Import duties in Kyrgyzstan

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Kyrgyz Republic

The anti-dumping duty is imposed on top of the import duty - which leads to an increase in customs duties. As a result, imported goods can become more expensive - and therefore less