IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 02 May 2016 | Removal date: open ended
Still in force

Import tariff

 Effective 2 May 2016, Vietnam reduced the import tariff on non-alloy iron and steel for manufacture of tyre bead wires under HS 7213 and articles thereof under HS 7326 from 3% preferential import duty to 0%. Circular No. 51/2016/TT-BTC announcing this measure was published on 18 March 2016.
 
According to a news report, this measure was initiated to support the local tyre production by reducing costs of raw materials not currently manufactured in Vietnam (see listed sources).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7213 Bars and rods, hotrolled, in irregularly wound coils, of iron or nonalloy steel.
721310 Containing indentations, ribs, grooves or other deformations produced during the rolling process
721320 Other, of freecutting steel
721391 Of circular crosssection measuring less than 14 mm in diameter
721399 Other
429 Other fabricated metal products
7326 Other articles of iron or steel.
732619 Other
732620 Articles of iron or steel wire
732690 Other

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