Vietnam will cut or eliminate tariffs on a range of food products over the next few years, under a decision of prime minister Phan Van Khai, reported by the Xinhua news agency.
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Citing Vietnam News as the source for the report, the agency said sausages and similar meat products, would receive the biggest tariff cuts to 30% by 2010 and 5% by 2013 from the current 50%. The move is part of Vietnam’s 2005-2013 road map under the Common Effective Preferential Tariffs protocol of the Association of Southeast Asian Nations’ Free Trade Agreement.
The import tariff on fowls is to drop to 10% in 2005, 5% in 2007 and zero in 2008.
The tariff changes apply to goods imported after 1 January 2005. Importers who have already made tax payments will receive a refund, the agency reported
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