Posted on 30 Jun 2008
Vietnam slashes thousands of tariffs on ASEAN imports until 2013
Vietnam's
Finance Ministry has released a list of thousands of imports from ASEAN
countries to benefit from a cut in import duties over the next five years.
The move is part of Vietnam's commitment to
implementing the Agreement on the Common Effective Preferential Tariff (CEPT)
for ASEAN. Thousands of goods imported from the regional group, including
artworks, antiques, furniture, optical equipment, live animals and fruit and
vegetables, will be taxed at rate of between zero and 5 per cent.
Meanwhile, import taxes on some foodstuffs will be reduced
from 30 to 5 per cent by 2013, including rice and eggs. The duty on meat will
drop from 40 per cent to 5 per cent by 2013. Vehicles, motors and accessories
will also enjoy tariff cuts.
