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Vietnam will decline the import tax rate of oil, auto and textile

Vietnam will decline the import tax rate of oil, auto and textile

Write: Alistair [2011-05-20]
Reporter knew from Guangxi Daxin County government that to implement the consent for entering into WTO and SEAN Free-trade Area, Vietnam will decline the import tax rate of auto and textile.
It is introduced that according to the consent of WTO members, Vietnam s average custom for agricultural product import will be decreased from 23.5% to 21%, the one of industrial product from 16.6% to 12.6%.Since Vietnam enter into WTO, it will decline the import tariff of follow commodities: wooden product, sheet, aquatic product, fabric, fashion, appliance, mechanism equipment etc. Among AFTA, Vietnam agree to decrease the import tariff of auto, motorcycle an gasoline etc. According to the of China-ASEAN Free Tread Area Agreement, Vietnam and ASEAN countries will decrease import tariff of part sensitive products including egg, tobacco leaf, sugar, steel, auto engine, construction material, appliance and electronic products etc.