ANNOUNCED AS TEMPORARYNo
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).
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