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Vocabulary Notes on the Text

1 legal entities and individuals - юридические и физические лица.

2 to put something into practice - применять что-л. на практике.

3 import duties - ввозная таможенная пошлина.

4 the imposition by import rates - налогообложение на импорт.

5 completing articles - комплектующие,

6 consumer electronics - бытовая электроника.

7 to collect an interest - взимать проценты.

8 domestic consumption - потребление внутри страны.

9 long-term export deals - долгосрочные экспортные сделки.

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Exercises on the Text

1. Read and translate the text.

2. Translate the following words and learn their pronunciation:

inflation; intervention; imposition; consumption; resourses; entities; tariffs; vehicles; materials; status; electronics; energy; shortage; percentage; engine; foodstuff; insufficient; subsequent; industrial; levied

3. Match the verbs in the list close in meaning:

to fulfil; to effect; to protect; to levy; to limit; to grant; to develop; to restrict; to compete; to influence; to expand; to defend; to purchase; to contest; to perform; to buy; to introduce; to relate; to impose; to allow; to present; to connect

4. Answer the following questions:

  • 1) When did the Russian government change import duties rates?

  • 2) What did this change mostly effect?

  • 3) What was the result of inflation?

  • 4) How does food intervention influence the home agriculture?

  • 5) On what are customs duties levied?

  • 6) On what do the duty sums for cars depend?

5. Explain the meaning of the following terms in English:

the state budget; import duties; export duties; inflation; customs tariffs; imposition; industrial import; seasonal duties; consumption; General Agreement on Tariffs and Trade

6. Use each of these collocations in sentences of your own:

to protect home producers; to regulate trade transactions; to supply local consumers; to put smth. into practice; not to conflict with international practice; to produce in sufficient quantities; to be in force; to increase export/import duties on; to experience difficulties in smth.; to levy extra charges on

7. Give English equivalents of:

внутренний рынок (4 варианта); местные потребители; местные производители товара; юридические и физические лица; дополнительные

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финансовые ресурсы; ставки импортной пошлины; продовольственные/промышленные товары; оборудование; хранение, переработка и упаковка товаров; таможенные тарифы; ввозная таможенная пошлина; уровень налогообложения; стоимость единицы товара; сезонные пошлины; комплектующие; уровень внутреннего потребления; в среднем

8. Retell the text according to the following plan:

  • 1) The functions of import-export rates.

  • 2) Customs tariffs as an objective necessity to protect a local market.

  • 3) The increase of import rates.

  • 4) The problem of export duties.

Vocabulary and Speech Exercises

9. Insert appropriate prepositions:

1. All taxes, customs duties and other charges levied__connection __the performance__this Contract__Russia are to be paid__the Sellers and those levied outside Russia are to be paid__the Buyers.

2. The simplest form__a tariff is one which consists__a single column levying the same rate__duty__all imports.

3. __addition__customs duties proper, many countries levy extra charges__one kind or another. The most common form is a surtax charged as a percentage__the duty.

4. The internal taxes are__a different kind. They are collected__imports__many countries. These are usually levied__the same rate as__similar products__domestic origin. Included__this category are sales taxes, excise taxes, V.A.T., turnover and transaction taxes, and the like.

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