Finland's clothing exports to Russia rise sharply in H1

A sharp increase has been noted in Finland’s clothing and textile exports to Russia during first half of the current year. 

 

A sharp increase has been noted in Finland's clothing and textile exports to Russia during first half of the #

While the country’s clothing exports to Russia grew by 17 percent year-on-year, its textile exports increased by 45 percent year-on-year from January to June 2012, the Federation of Finnish Textiles and Clothing Industries (FINATEX) said.

 

A sharp increase has been noted in Finland's clothing and textile exports to Russia during first half of the #

According to FINATEX, Russia’s becoming the official member of the World Trade Organization would further boost exports of Finnish goods and services to Russia, which is a key export destination for Finland’s textile and clothing industry. 

 

A sharp increase has been noted in Finland's clothing and textile exports to Russia during first half of the #

During last year, Russia accounted for over 20 percent of Finland’s overall textile and garment exports. About one-third of Finland’s clothing exports in 2011 were destined to Russia.

 

A sharp increase has been noted in Finland's clothing and textile exports to Russia during first half of the #

FINATEX expects that the WTO member status would afford better predictability to firms that export goods to Russia, as it is expected to ease the customs procedures and bureaucratic hurdles.

 

A sharp increase has been noted in Finland's clothing and textile exports to Russia during first half of the #

Besides, import tariffs levied by Russia are also expected to reduce by around two percent during the three-year transition period.

 

A sharp increase has been noted in Finland's clothing and textile exports to Russia during first half of the #