Taxonomy: Tariff Line Affected - 8501
Electric Motors And Generators (No Sets)
United States of America: Bill to ban imports of goods for which there is no registered domestic agent
Description
A bill 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).
Nigeria: Fund for restructing and refinancing loans to the manufacturing sector
Description
The Central Bank of Nigeria (CBN) as part of a N500billion power and real sector fund has given N200billion to restructure and refinance existing bank loans to the Nigerian SMEs (Small and medium scale enterprises) or manufacturing sector.
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
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.
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.
Venezuela: Reduced value added tax for imported products related to electricity generation
Description
On 3 November 2009, the government of Venezuela issued a decree in which it freed 52 products used in electricity generation from value added tax (Impuesto al Valor Agregado).
Brazil: new credit line for exports of consumer goods
Description
The Brazilian Development Bank (BNDES) implemented a new credit line amounting R$ 7 billions for the pre-shipment phase of exports of consumer goods, in a decision announced on 29 April 2010.
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.
