Only 3.3% duty of import PPGI from Vietnam IN 2016 thanks to EAEU-Vietnam FTA effective on October 05th, 2016.
Under the agreement, EAEU will immediately reduce import tariffs on PPGI from the Vietnam with 3.3% in 2016 and 2.5% in 2017, and tax duty will be gradually reduced to 0 percent in the transitional period.
The EAEU consists of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. The union and Vietnam signed the agreement in Kazakhstan on May 29, 2015 after eight official rounds of negotiations.-VNA
Moscow (VNA) – The free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam will take effect on October 5, Minister for Trade at the Eurasian Economic Commission Board Veronika Nikishina has said.
With the formation of the EAEU-Vietnam free trade area, bilateral trade can increase from 4 billion USD at present to 8-10 billion USD. EAEU exporters can save about 40 million USD in tax in the first year the pact takes effect, according to the Eurasian Economic Commission.
TO IMPORT PPGI (PREPAINTED GALVANIZED STEEL COIL) ONLY 3.3% FROM VIETNAM, >> NAM KIM STEEL VIETNAM WILL BE THE BEST CHOICE.
For Russian Importers, CLICK HERE >> IMPORT COATED STEEL COIL FROM NAM KIM STEEL VIETNAM 3.3% to 0%