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Fiat cars from Serbian factory exported to Russia duty-free by H1 2015.

Auto Business News-April 10, 2015--Fiat cars from Serbian factory exported to Russia duty-free by H1 2015

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Auto Business News - 10 April 2015

Cars from Italy-based Fiat's (NYSE: FIA)(ISE:IT0001976403) Kragujevac, Serbia factory could be exported to Russia duty-free by the first half of 2015, according to a trade representative at the Russian embassy in Serbia, Andrey Khripunov.

Khripunov stated that Russia is ready and had all the required procedures for duty-free import of Fiat cars produced in Serbia prepared, but it now needs to make agreements with the other member-states of the Eurasian Economic Union, Belarus and Kazakhstan, as Russia cannot make such a decision unilaterally.

Khripunov also added that it would be a reciprocal trade arrangement, approving duty-free import of certain Russian-made cars to Serbia in exchange for duty-free export of Fiat cars from Serbia to Russia.

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((Distributed via M2 Communications - http://www.m2.com))

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Publication:Auto Business News (ABN)
Geographic Code:4EXRU
Date:Apr 10, 2015
Words:168
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