Taxonomy: Tariff Line Affected - 8412
Engines And Motors Nesoi, And Parts Thereof
Brazil: tariff reduction on a range of capital goods
Description
On 5 August 2010, the Brazilian government announced tariff reductions on the ad-valorem import duty from14% to 2% for 400 capital goods. In total 177 tariff lines (HS code 10-digit level) are subject to the change.Argentina: Subsidized export credits for capital goods and related services
Description
On May 14, 2010 the Bank of Investment and Foreign Commerce (BICE), second largest public bank in the country, launched a subsidized export credits program of USD 5 millions (20 millions of Argentinean pesos), aimed at boosting domestic prodUnited 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.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).China: Removal of local content requirement on wind turbines
Description
On 29 October 2009, at the 20th U.S.-China Joint Commission on Commerce and Trade meeting, the Chinese government agreed to drop its local content requirement for wind turbines.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.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: Announcement of New Modified Trade Strategy, 2011-2013
Description
Priorities for the customs and tariff policy of Russia will be adjusted according to the draft guidelines for customs and tariff policy in 2011 and the planned period 2012 and 2013 which has been prepared by the Russian Ministry of Economic DeveloArgentina: Extension of tax exemptions for locally produced capital goods
Description
On February 4, 2010, the Government of Argentina announced an extension of a tax-exemption program that benefits capital goods producers.
