Vietnam to Lower Rubber Export Duty Rate

[2013-09-04 16:54:22]


According to Vietnamese newspaper, recently, Vietnam Ministry of Finance has proposed to lower the export duty rates of natural rubbers under HS Codes 4001, 4002 and 4005 from 3%-5% down to 1%.

The Ministry indicates that the rubber export price will drop to USD 2,300-2,500/ton from now to the yearend amid the rubber glut on the international market.
Source: ETCN
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