duty

Retail Asia27/12/2018

Malaysia, the world’s second-largest palm oil producer, is reviewing the duty structure for its exports of the edible oil, according to its minister in charge of agriculture produced for export, to boost demand and reduce burgeoning stockpiles. “We are currently reviewing our present export duty structure to ensure a level playing field in the market,” […]

Retail Asia19/07/2017

“The Korean duty-free industry may see a drop in on-year annual sales in 2017, which would make it the first decline in 14 years, according to data from the customs regulator Sunday.” Since the outbreak of the Severe Acute Respiratory Syndrome virus in 2003, the duty-free industry had seen steadily rising sales until last year. Especially in […]

Retail Asia27/06/2017

Vietnam’s auto manufacturers and assemblers have proposed the Government reduce import duty on auto parts so that they can sell cars at more competitive prices than those of completely-built-up vehicles imported from regional countries. Sumito Ishii, managing director of General Motors Vietnam Corporation, said at the mid-term Vietnam Business Forum 2017 in Hanoi last Thursday […]

Retail Asia26/08/2016

Indonesia has asked New Zealand and Australia to lower import duties on two export products from Indonesia-herbicides and insecticides-from 5 percent to zero percent under the ASEAN-Australia New Zealand Free Trade Agreement (AANSFTA). “To increase trade with Indonesia, import duties for herbicide and insecticide, which are high at 5 percent need to be made zero […]

Retail Asia27/05/2015

China’s mainland government will halve duties on imported clothing, accessories, skincare products and nappies from Monday June 1. The China duty cuts were first flagged early this month as Beijing’s lawmakers sought a way to revive flagging retail sales growth and encourage locals to spend more at home rather abroad. The cuts are aimed at […]

Tag: duty

Malaysia reviewing palm oil export duties

Korean duty-free sales to see first drop in 14 years

Auto enterprises propose import duty reduction

Indonesia asks New Zealand to lower import duty

China duty cuts details released