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VASEP proposes 0% import tariff on salmon
10/11/2014

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.The proposal said tax rate would reduce to 0% for frozen imported salmon in order to diversify the sources of imported fish.
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.

(VOV)

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Tags: import tariff, local consumption, salmon, VASEP, WTO commitments,