Taxonomy: Sector Affected - 11
Coal and lignite; peat
Tunisia: Reduction of import duties on certain raw materials, equipment and other products
Description
On 21 December 2009, Tunisia issued the finance law 2010 (Loi no 2009-71) that introduces reductions of import duties on certain raw materials, equipment and other products.
The law entered into force as from 1 January 2010.
The Custom Union of Russia, Belarus and Kazakhstan
Description
The Customs Union (hereinafter – CU) was established between Belarus, Kazakhstan and Russia on the basis of the Eurasian economic community (EurAsEC) and is based on a system of treaties between or with participation of CU member
Venezuela: Devaluation of the Bolivar
Description
On 8 January 2010, the Venezuelan government announced the devaluation of the Bolivar. Instead of the existing fixed exchange rate at 2.15 Bs/US Dollar, the government now operates a two-tier system.
Kazakhstan: Local content in subsoil sector
Description
Kazakhstan introduced a local content requirement into the terms of subsoil use contracts.
Belgium: Interest rate subsidies and guarantees for primary producers hit by the financial crisis
Description
By notification of 22 January 2010, the Belgian authorities notified a temporary aid scheme for granting limited amounts of compatible aid under the Temporary Framework for State aid measures to support access to finance in the current financial a
South Africa: New royalties law to take effect on 1 March 2010
Description
The Minerals and Petroleum Resources Royalty Act, 2008, is to take effect from 1 March 2010. The introduction of the new law was postponed for a year to give mining companies a rest from the global recession.
Russia: Preferences to domestic producers in ammendments to Government Procurement Law
Description
Changes have been made in state procurement legislation.
United States of America: Renewal of preferential trade programs
Description
The authorizations for two preferential trade programs that extend duty-free treatment to U.S. imports from developing countries were due to expire on December 31, 2009 unless new legislation was approved to renew the programs.
Mexico: Unilateral tariff elimination.
Description
Viet Nam: Lower export tariffs on coal products
Description
On 5 February 2009, the government of Viet Nam decided to half export tariffs on coal, lignite, peat and coke. The new rate is 10 percent as opposed to the 20 percent duty imposed since June 2008.
