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Japan regrets for RF’s decision to impose 8% pipe import duty

Akira Amari.jpg

Japan has expressed regret for the Russian authorities' decision to impose an eight-percent duty for the import of Japan-made steel pipes for pipelines.

Russia decided to take this protective step as of December 18 for three years to suppress a vigorous growth of pipe import from Japan.

"Japan expresses deep regret for Russia's decision to take such a protective measure," Japanese Economics, Trade and Industry Minister Akira Amari said in a statement on Saturday.

According to the Japanese ministry's estimates, a sharp increase in pipes supplies made no serious harm to Russia.

Japan will study the issue on how to react to Moscow's decision, Amari said. He made it clear that Japan may call on the Russian authorities to cancel this measure.

Steel pipes on which Russia plans to impose an eight-percent duty are manufactured by Nippon Steel, JFE and Sumitomo Metal Industries.

Russia's import of Japan-made pipes went up from 3,000 tonnes in 2002 to 270,000 in 2004. Such an increase is linked with the implementation of large-scale oil and gas development projects on the Sakhalin Island, in which Japan's largest trade and investment corporations have stakes, Kazinform cites Itar-Tass.

© Kazinform

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