Vietnam to reduce chemical tariffs

Kovac, Matt; Gibson, Jane
January 2007
ICIS Chemical Business;1/22/2007, Vol. 2 Issue 50, p9
Trade Publication
The article reports on the move by Vietnam to reduce tariffs on chemicals, cosmetics and pharmaceuticals, following Vietnam's entry into the World Trade Organization (WTO) on January 11, 2007. Vietnam has committed to cut its tariffs down to the harmonization rates required by the Chemical Harmonization Agreement on 80% of chemical products, which will cover the vast majority of U.S. chemical exports to the country. Vietnam's average tariff on cosmetics, a key sub-sector in chemicals, will be reduced from 44% to 17.9%.


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