Indonesia considers reducing trade tariffs with US
Indonesia is planning to lower trade tariffs with the US as President-elect Donald Trump prepares to implement a universal tariff policy.
Vietnam removed from list of beneficiaries of EAEU tariff preferences under GSP
Vietnam will be removed from the list of countries entitled to tariff preferences offered by the Eurasian Economic Union (EAEU) under the Generalised Scheme Preferences (GSP) from October 12, according to the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (Vietrade).
US review of Indonesia trade preference to conclude soon
US Commerce Secretary Wilbur Ross said on November 6 that the US review of a trade preference facility for Indonesia will conclude soon with far more investment from American firms in Southeast Asia’s biggest economy, Reuters reported.
New regulations on GSP issued
The Ministry of Industry and Trade has issued new regulations on the implementation of the Generalised System of Preferences (GSP) of the European Union, Norway, Switzerland and Turkey.
Vietnamese exporters must self-verify origin from 2019
Vietnam’s exporters must self-verify the origin of their products that they export to the European Union (EU) from 2019 to be qualified for Generalised System of Preferences (GSP) which is the tariff preference for developing countries.
Myanmar sets sight on 140 bln USD in FDI by 2030
Myanmar aims to attract 140 billion USD in foreign direct investment (FDI) by 2030, according to its new economic development plan.