Taxonomy: Affected Trading Partner - Germany
Brazil: Extension of Investment Support Program
Description
On 6 December 2012, Brazil's government decided to extend its Investment Support Program (PSI) through 2013 with BRL 100 billion (USD 47.6 billion) to back subsidised loans for capital goods (e.g., machines, equipment).Colombia: Temporary elimination of import duties on 3,095 tariff lines to benefit agricultural and industrial sectors
Description
On 15 August 2012, the Ministry of Commerce, Industry and Tourism of the Republic of Colombia adopted Decree No.Argentina: Repatriation obligation for foreign earnings in mining and oil and gas
Description
On October 25, 2011, the Argentine president issued Decree no. 1722/2011, which stated the obligation for all mining and oil and gas companies to repatriate their foreign earnings.Vietnam: Increased in import duties on oil, gasoline and related products
Description
On 8 May 2013, the Minister of Finance issued Circular No. 58/2013/TT-BTC increasing import duties on the following products: - petrol (from 16 to 19 per cent), - diesel (from 12 to 14 per cent),Brazil: Reduction of import value added taxes
Description
On 13 April 2012, Brazil’s Federal Senate adopted in Resolution No.Australia: Higher penalties for customs offenses
Description
On 6 December 2012, the Australian Customs and Border Protection Service announced in Notice No. 2012/70 that the penalty unit for breaches of Commonwealth law will increase by 55 per cent from AUD 110 to 170 as of 28 December 2012.Colombia: Stricter rules for imports of machinery and chemicals for the mining sector
Description
On 2 November 2012, the Ministry of Commerce, Industry and Tourism of Colombia adopted Decree No. 2261 imposing stricter rules and controls on the importation of machinery and parts for use in the mining industry.Belgium: Abolition of the upfront cash deposit for VAT import licenses
Description
On 28 September 2012, the Belgian government decided (according to circular letter No. AAFisc 30/2012 E.T.122.812) to abolish the upfront cash deposit required for VAT import licenses.Nigeria: Elimination of import duties and import VAT on machinery and equipment for the mining sector
Description
On 6 February 2013, Nigeria announced that import duties and import VAT on machinery and equipment imported for the solid minerals sector will be set at 0 per cent in order to boost the economy and investments in the Nigerian mining sector.Colombia: Temporary elimination of MFN import duties applicable to certain coloring materials, paper, cardboard, plastic and aluminum products
Description
On May 8, 2013, the Government of Colombia temporarily eliminated the Most Favored Nation (MFN) import duties applicable to certain coloring materials, paper, cardboard, plastic and aluminum products.
