According to the socialbites.ca correspondent, Deputy Prime Minister of the Russian Federation and Head of the Ministry of Industry and Trade Denis Manturov allowed flexible export taxes to be adjusted, if necessary, on the sidelines of the international industrial fair “Innoprom.Kazakhstan”.
The minister said that the department under his control follows that the mandate decision does not affect the investment programs of enterprises in any way.
“However, while implementing this decision, we will monitor the situation and, if necessary, evaluate the demands of the companies and the need for regulation,” he said.
The Minister added that the Ministry of Industry and Trade was “trying to control everything”.
Talking about how the introduction of flexible customs duties may affect export supply, Manturov said that exchange rate differences currently create opportunities for the expansion of exports, and the introduction of taxes will not affect this.
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Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.