As mentioned before, MoiT has a plan to increase Conventional preferential import tax rates (MFN) of Hot Rolled Steel Coil (HRC) form 0% to 5%. As reported by MoiT, recently, HRC imports from China increased significantly in quantity. They said that, domestic production can supply nearly 80% of HRC raw materials. So increasing MFN is the necessary active to prevent an increase in quantity of HRC imports from China.
But, Vietnam Steel Association (VSA) had sent a document to MoiT comment on the proposal of adjusting the preferential import duty (MFN) rate for HRC from 0% to 5%. VSA said that the measure to increase the MFN tax rate for HRC will not only not limit Chinese steel, but also create opportunities for steel imports from China to increase.
Among the FTAs to which Vietnam is a party, ACFTA is a free trade agreement between ASEAN countries and China. The preferential tax regime provided for in ACFTA helps China enjoy a 0% preferential import duty on HRC into Vietnam.
Agreso | +84 269 2205 168 | Thôn 1, xã Nghĩa Hưng, huyện Chư Păh, Gia Lai, Việt Nam
admin@greensowing.com
Không có nhận xét nào:
Đăng nhận xét