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Eastern Economic Forum

Volume of parallel imports down to $1.4-1.5 bln over two months — ministry

The ministry has no incentive to increase the range of goods permitted for import through the parallel import mechanism, Roman Chekushov noted

VLADIVOSTOK, September 5. /TASS/. The volume of products imported via parallel imports over the past two months amounted to $1.4-1.5 bln per month, with the trend towards a decrease in supplies within the mechanism persisting, State Secretary, Deputy Minister of Industry and Trade Roman Chekushov said on the sidelines of the Eastern Economic Forum (EEF).

The ministry has no incentive to increase the range of goods permitted for import through the parallel import mechanism, he noted.

"The trend of decreasing volumes of product deliveries within the parallel import mechanism is so stable that its stability was a bit of a surprise to me. Over the last two months, it has been $1.5-1.4 bln. If you remember, we had an average volume of $2.5 bln per month. Therefore, the trend is very stable, I think it will continue. And in this regard, of course, we have no incentive to increase the range of parallel imports," Chekushov explained.

The 10th Eastern Economic Forum is taking place in Vladivostok from September 3 to 6 under the theme "The Far East: Cooperation for Peace and Prosperity." The business program features more than 100 thematic sessions divided into seven tracks. The forum has brought together over 4,500 participants from more than 70 countries and territories. The Roscongress Foundation is the organizer of the EEF, with TASS as its general information partner.

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