IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 27 Nov 2017 | Removal date: 31 Dec 2020
Still in force

Localisation incentive

Second to the above, the Marine Equipment Action Plan from November 2017 also encourages the overhaul of existing or outdated equipment to both modernise the industry, and increase demand for natively-produced products.

Oil and gas companies are promised support in scrapping and upgrading their marine engineering equipment, as well as the purchasing of domestic equipment specifically for upgrading it.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

652 Water transport services of freight
675 Supporting services for water transport

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