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However, Japan's domestic economy and people's livelihood will also be affected to a certain extent.
Japan not only relies on seafood imports, but also particularly needs Russian liquefied natural gas, crude oil, coal and metal palladium
.
Japan not only relies on seafood imports, but also particularly needs Russian liquefied natural gas, crude oil, coal and metal palladium
.
According to data from the International Trade Center (ITC), Japan's seafood imports in 2021 will amount to US$13.
7 billion, of which 1.
24 billion (9%) will be imported from Russia, which also accounts for about 21% of Russia's seafood exports
.
7 billion, of which 1.
24 billion (9%) will be imported from Russia, which also accounts for about 21% of Russia's seafood exports
.
What does it mean to abolish Russia's "Most Favored Nation" status? According to WTO data, the tax rate on imported caviar in Japan may rise from 3.
5-4.
2% to 5-10%; the tax rate on frozen sockeye salmon will rise from 3.
5% to 5%; the tax rate on frozen crab will rise from 4% to 6%; the tax rate on imported sea urchins From 7% to 10%
.
5-4.
2% to 5-10%; the tax rate on frozen sockeye salmon will rise from 3.
5% to 5%; the tax rate on frozen crab will rise from 4% to 6%; the tax rate on imported sea urchins From 7% to 10%
.
Historically, the cost of increasing tax rates has either been absorbed by the supply chain or paid for by consumers; importers must also adjust their purchasing strategies and break existing trade rules, which will also generate more spending
.
.
Taking the Hokkaido region of Japan as an example, affected by the situation in Russia and Ukraine, sushi restaurants and seafood markets have begun to increase prices, because the cost of imported sea urchins in Canada is twice that of Russia (source "Washington Post"); some seafood rely on imported raw materials Processing plants may also face the risk of bankruptcy (source: Nihon Shimbun)
.
.
In 2021, Japan's imports of roe, sockeye, crab and sea urchins from Russia will total $923 million, accounting for 77% of the total imports to Russia
.
Russia is also Japan's largest supplier of roe and crab, with exports of US$404 million and US$295 million, accounting for 79% and 81% of Japan's imports
.
.
Russia is also Japan's largest supplier of roe and crab, with exports of US$404 million and US$295 million, accounting for 79% and 81% of Japan's imports
.
