VASEP proposes 0% import tariff on salmon
(VOV) -The Vietnam Association of Seafood Exporters and Producers (VASEP) has sent a proposal to the Finance Ministry for the adjustment of import tariffs on a number of products following WTO commitments in 2015.
The proposal said tax rate would reduce to 0% for frozen imported salmon in order to diversify the sources of imported fish.
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According to VASEP, frozen imported salmon, which is listed among tax preferential items, had been projected to face a tariff rate of 18%.
Frozen imported salmon is mainly used for local consumption and export processing purposes, the Association said.
VASEP also asked the Finance Ministry to impose a zero tariff rate on a number of imported seafood products, such as shrimp, tuna fish and octopus, with a view to help local seafood exporters achieve their set targets following the Prime Minister’s approved strategy.