Import Tariff Reductions Have Little Impact On Vehicle Prices

The prices of vehicles in Laos remain high even though import tariffs on many products including vehicles have been reduced to five percent, much to the disappointment of recent purchasers.
Deputy Director of the Foreign Trade Policy Department, Mr Saysana Sayakone told Vientiane Times recently that the prices of vehicles will remain rather high as buyers still have to pay consumer tax.
He explained that the Lao PDR had begun to reduce …..

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Laos To Eliminate Asean Import Tariffs By 2018

Laos has begun to reduce import tariffs in line with Asean Free Trade Area (AFTA) policy but has until 2018 to fulfill all of its obligations.
The new Asean member countries are Cambodia, Myanmar, Laos and Vietnam. These countries need time to build their capacity to fulfil all their obligations under the AFTA. The older Asean member countries – Brunei, Thailand, Singapore, Malaysia, Indonesia and the Philippines – have been reducing import tariffs to zero since 2010, opening up the regional export market.

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