AreaVietnam
Commodity GroupOilseeds, oils and meals
CommoditySoy and palm oil
Date01/05/2013
Policy CategoryTrade
Policy InstrumentImport policy
DescriptionApplied temporary surcharges to the imports of refined soy and palm oil imports.
NotesVIETNAM import policy: As announced earlier this year, a temporary duty surcharge will be applied to the countrys 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 Feb13). 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.
