GSP Scheme of Russia

Russian Generalized System of Preferences in favor of developing and least developed countries was implemented in 1992 as a part of governmental effort to expand import to Russia. The non-reciprocal preferential treatment of Russia granted tariff preferences to some products imported to Russia from 147 countries and territories (beneficiaries).
Since the implementation in 1992, the GSP scheme of Russia has been revised several times. The changes to GSP scheme of Russia cover the list of preferential products, the list of beneficiaries, the Rules of Origin and the rates of preferential customs duties. Preferential products from developing counties have a 25 % discount on the MFN duty.