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Viet Nam reduces tariffs on some product lines (12/01)

06/08/2010 - 176 Lượt xem

According to the ministry, upon its accession to the WTO, Viet Nam will cut import-export duties on 3,800 categories of goods or 35.5 percent of its committed Tariff List.

The country, in addition, also accepted higher ceiling duty rates for 3,170 tariff lines or 30 percent of the Tariff List, mainly levied on such product groups as petrol, metals, chemicals and some specialised transport vehicles.

The biggest reductions were applied to ready-made clothes (from 50 percent to 20 percent), fabric (40 percent down to 12 percent) and fibre (from 20 percent to 5 percent).

Gold, silver, gemstones, glass, footwear, household commodities, electronic appliances, steels, alloys, water filter appliances, vacuum cleaners, alcohol, beer, soft drinks and medicines saw tariff reductions ranging from 10 to 25 percent.

Viet Nam’s commitments cover 10,689 tariff lines which will be reduced in between five and seven years.-Enditem