ANNOUNCED AS TEMPORARYNo
On 18 May 2012, the Finance Ministry introduced an export tax of up to 40 percent on 65 products (Regulation 29/2012 and Regulation 75/2012), including 14 formerly banned mineral ores and an additional 51 products. Thegovernment intends to promote the production and export of 'high value'finished goods instead of exports of raw materials.
On 6 May 2012, the Ministry of Energy and Mining (according to Regulation No. 7 of 2012) introduced an export ban on 14 mineral ores including copper, gold, nickel, tin, silver, lead, zinc, chromium, platinum, bauxite, iron ore and manganese (related measure).
On 28 May 2012, the Ministry of Trade issued regulation 33/M-DAG/PER/5/2012 implementing the regulation 75/2012 mentioned above.
In January 2014, this measure was partially updated with a further intervention (see related measure).
⚑ Please report this page in case you detect an inaccuracy in its content.