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WTO Tariff Removal Makes Electronics, IT Cheaper
02/02/2016
The World Trade Organization (WTO) handed the IT industry a bit of holiday cheer and set the stage for a multi-year rollout of tariff reductions. The WTO agreed to remove tariffs from an additional 201 IT products during its December 2015 Tenth Ministerial Conference in Nairobi, Kenya. The agreement, an expansion of the 1996 Information Technology Agreement and is the result of negotiations between 53 WTO member countries that began in 2012 and continued this past summer, expand the list of IT products covered. The deal now includes: a new generation of semiconductors; GPS navigation systems; tools for manufacturing printed circuits; telecommunications satellites; touch screens; and some state-of-the-art medical products.
Vietnam continues to remove tax barriers
01/02/2016
The market for Vietnamese enterprises to trade goods, attract investment and participate more deeply in the regional production and supply chains, was opened up with the formation of the ASEAN Economic Community (AEC) on the last day of 2015. The formation of the AEC meant a series of tariff and non-tariff barriers were removed. Following the achievements of the ASEAN Free Trade Area (AFTA), in the AEC environment, taxation commitments are a priority to facilitate trade liberalisation and the free flow of goods, investment and labour within the region.
VN: Shrimp export to US expected to thrive
01/02/2016
Vietnam’s shrimp exports to the US in 2016 will rise thanks to positive results from the ninth administrative review (POR9) for anti-dumping duties on Vietnamese frozen shrimp and the signing of the Trans-Pacific Partnership (TPP), according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
VN, EU reach wood product deal
31/01/2016
