3. Russia has officially entered WTO and the import duty is decreased The penetration rate of LED lights in Russia is continuously increasing. In the long term, Russia LED lights market will account for 1% to 5% in the globe with the annual growth. The Russian and surrounding LED Lights market will have a compound annual growth rate of 34% by the year of 2014. Increased led high bay application in Russia is mainly due to energy efficiency and optimized electricity cost. The Russian lighting market scale will exceed €600 million, among which more than half will be commercial and consumption area, and others are public space and outdoor lighting.