Trade and markets
 

Detail

Area
Vietnam
Commodity Group
Oilseeds, oils and meals
Commodity
Soy and palm oil
Date
01/05/2013
Policy Category
Trade
Policy Instrument
Import policy
Description
Applied temporary surcharges to the imports of refined soy and palm oil imports.
Notes
VIETNAM – import policy: As announced earlier this year, a temporary duty surcharge will be applied to the country’s imports of refined soy and palm oil. The “self defense” measure is meant to prevent rapid imports of these products from threatening domestic production (see also MPPU Feb’13). Reportedly, from May 7th onward, and for a maximum of 199 days, an extra duty of 5% will be levied on top of the regular tariffs that range from 22.5 to 37.5% – except for imports originating from ASEAN members and the Republic of Korea, which enjoy a zero duty.