Taxonomy: Tariff Line Affected - 5703
Carpets & Other Textile Floor Coverings, Tufted
China: VAT rebate of 15 percent for textile products
Description
On 1 February 2009, the government of China raised the Value Added Tax (VAT) rebates for designated textile and garment exports.Republic of Korea: Export financing scheme to encourage imports by Mexican firms
Description
On 1 July 2010 the Export-Import Bank of Korea signed a US$50 million export financing deal with Bancomex. The press release published by the former agency states:Vietnam: Fifth devaluation of the Dong
Description
On 17 August 2010, the State Bank of Vietnam has devalued the national currency, the Dong, for the fifth time since 2008.Ghana: 5% import levy on poultry and textiles
Description
Following the announcement of the official budget for 2010, the customs authority of Ghana imposed a series of import levies.United States of America: Bill to ban imports of goods for which there is no registered domestic agent
Description
A bill that was under consideration in the U.S.Botswana: Subsidies and loans for textile sector
Description
In response to greater import competition from East Asia and the global economic downturn in general, the Government of Botswana decided in January 2010 to introduce an employment-related subsidy and special loans for eligibile textile companies.India: Incentives to exporters through Market Linked Focus Programme
Description
On 12 January 2010, India announced an incentive scheme for exporters in sectors such as engineering, handicrafts , textiles, chemicals, electronics and some metals thorugh the market Linked Focus Programme (MLFP).United States of America: Bill to strengthen customs enforcement for apparel
Description
Representative Larry Kissell (Democrat of North Carolina) and a bipartisan group of 23 cosponsors introduced on May 25, 2010 the Textile Enforcement and Security Act (TESA) (Indonesia: Import duty exemptions of imported goods and materials for the production of goods/services
Description
On 11 March 2010, the Indonesian government introduced fiscal incentives in the form of import duty exemptions to industries of certain sectors.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.
