Taxonomy: Tariff Line Affected - 1511
Palm Oil & Its Fractions, Not Chemically Modified
United States of America: New farm bill under development
Description
The agriculture committees in both the U.S. House of Representatives and the Senate are developing new farm bills to replace the previous (2008) farm bill. Each of them approved their versions in the week of May 13, 2013.Indonesia: Increased export duty and reference price for crude palm oil and decreased reference price for cocoa beans
Description
On 23 January 2013, the Minister of Trade announced an adjustment of the reference prices as well as an adjustment of the export duties on two agriculture products, namely crude palm oil and cocoa beans.India: Increased import tariffs on vegetable oil
Description
On 15 February 2013, the Central Board of Excise and Customs of India decided to increase the tariffs on imports of certain vegetable oils.India: Increased import ad valorem tariff on edible oils
Description
On 23 January 2013, the Indian Ministry of Finance raised import duties on edible oils (palm oil, soya oil, groundnut oil and the like).Malaysia: Reduction in the export tax on crude palm oil
Description
On 12 October 2012 , the Malaysian government decided to decrease the CPO (crude palm oil) export tax from 23% to 4.5% - 8.5%. This is mainly a reaction to the Indonesian export tax reduction in 2011.Indonesia: Reduced export tax on palm oil
Description
On 25 August 2011, Indonesia decided to lower the export tax on palm oil. The maximum export tax will decrease from 25% to 22.5% and even 13% in the case of refined palm products. This measure came into force on 1 October 2011.Viet Nam: Initiation of safeguard investigation on imports of vegetable oil
Description
On 26 December 2012, the Vietnam Competition authority initiated a safeguard investigation on imports of vegetable oil (refined soya-bean oil, RBD palm olein oil and RBD palm stearin oil).Indonesia: Additional export tax on palm oil, cocoa beans, wood and leather products
Description
On 16 May 2012, the Ministry of Finance released regulation 75 of 2012 (75/PMK.011/2012) introducing higher export taxes on several products made from wood, leather as well as palm oil and cacao beans.Malaysia: Temporary suspension of crude palm oil export duties
Description
On December 18, 2012, the Malaysian Ministry of Plantation Industries and Commodities announced its export duty structure for crude palm oil for 2013.China: New Tariff Implementation Plan for 2013
Description
On December 17, 2012, the Ministry of Finance of the People’s Republic of China announced the Tariff Implementation plan for 2013.
