VDMA states Russian trade barriers hinder freedom of choice and productivity of agricultural producers

VDMA's Managing Director has released a statement about the negative effects the Russian trade barriers place on agricultural producers.

Dr. Bernd Scherer, Managing Director of VDMA Agricultural Machinery, has made the following statement in response to Russian trade barriers.

“This renewed introduction of harmful trade barriers for combine harvesters is sending out an entirely wrong signal to domestic farmers in Russia and the whole customs union. Because those who plan to invest in modern machinery are not only curtailed in their freedom of choice, they are rather strongly disadvantaged in their competitiveness, especially on a global level. Moreover, the imposed quota is a costly instrument which creates a burden not only for local agricultural producers, but also for CU authorities. Quota is extremely difficult to administrate and it represents a very restrictive measure that seriously violates Russia’s WTO commitments. It also creates a severe market distortion which is equally harmful to all sides: local agricultural producers, CU member states and agricultural machinery manufacturers. We strongly believe that free market access and free choice are crucial means for economic success on all sides.”