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May 5, 2007

TRADES * Vietnam - Slashes tariffs on Chinese trucks

Vietnam -People's Daily Online (Beijing,China)/newspaper Youth -May 03, 2007: -- Vietnam has lowered import taxes on different kinds of Chinese automobiles, mainly trucks, by 5-10 percentage points, reported Thursday... Under the country's Finance Ministry decision, from May 1, Chinese vans, pick-ups, common lorries, and three-wheeled light trucks are subject to the tariff of 80 percent instead of 90 percent; trucks weighing 6 tons upwards 50 percent instead of 55 percent; and golf cars, small racing cars and vehicles used to transport goods with total tonnage of no more than 24 tons 40 percent instead of 50 percent...

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