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 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.