09:29 | 24/03/2017 Trade
The safeguard duty on monosodium glutamate imported into Vietnam will be lowered from March 25, 2017, according to a decision issued recently by the Ministry of Industry and Trade (MoIT).
|The new duty, set at 3,951,899 VND per ton, will be imposed from March 25, 2017|
The safeguard duty of 4,390,999 VND per tonne will expire on March 24, 2017. The new duty, set at 3,951,899 VND per tonne, will be imposed from March 25, 2017 until March 24, 2018, the ministry’s Decision 920/QD-BCT dated March 10 says.
The MoIT’s Competition Management Authority said countries and territories exempted from the safeguard duty are listed in Annex 1 of the decision.
Monosodium glutamate imported into Vietnam has been subject to the safeguard duty since March 25, 2016, and this imposition will last for four years. The safeguard duty rate will be gradually cut down and slashed to 0 VND per tonne from March 25, 2020.