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