Taxonomy: Tariff Line Affected - 2710
Oil (Not Crude) From Petrol & Bitum Mineral Etc,
Russia: Import duty on propylene (methyl ethylene) terpolymer and tetramer
Description
The Government Decree # 876 from 31 October 2009 introduced a 5% duty on propylene (methyl ethylene) terpolymer and tetramer, effective from 6 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
Kazakhstan: Increase of the oil products export tariff
Description
The Kazakhstan government has decided to raise the oil products export tariff.
Canada: Elimination of import tariffs on all manufacturing inputs, machinery and equipment
Description
As an accompanying measure to its 2010 budget, the Canadian government announced on 9 March 2010 that it intends to eliminate all remaining tariffs on manufacturing inputs and machinery and equipment in the near future.
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.
Ghana: Reduction in mining royalty rate to 5%
Description
The government of Ghana has reduced the mining royalty rate to 5% eventhough it had earlier on in the 2010 budget statement proposed an increase in the rate ranging from 3% to 6%.
Ethiopia: Repeated deliberate devaluation of the Birr
Description
According to numerous and consistent press reports, the National Bank of Ethiopia has repeatedly intervened to devalue its national currency since the end of 2008.
Nigeria: Deliberate devaluation of the Naira
Description
According to numerous and consistent press reports, the Central Bank of Nigeria has deliberately devalued the local currency at the end of 2008.
Russia: Introduction of oil export duties on its Customs Union partner-Belarus
Description
In line with a teletypogram sent by the First Deputy Director of the Federal Customs Service of Russia heads of regional customs administrations and the head of the central energy customs house are instructed to use customs duties on crude oil and
