October 6, 2008

 

Vietnam may raise meat import tax to boost local industry

 

 

The Ministry of Agriculture and Rural Development (MARD) has recommended the Government to hike import taxes of meat products, the Investment newspaper reported.

 

According to the MARD, the import tax on fresh pork should be raised to 29 percent while tax on frozen pork should be raised to 25 percent from the current 20 percent.

 

The ministry suggested raising import tax on poultry meat products to 40 percent from the current 12 percent, and on other chicken products to 20 percent from 12 percent.Tax on imported buffalo meat should also be hiked from 12 percent to 15 percent, the ministry recommended.

 

The MARD said the import tax hikes will encourage local farmers, who have been discouraged by high feed prices, diseases and competition from imported meats.

 

Cold weather killed up to 200,000 livestock in the country's northern provinces earlier this year while bird flu caused the culling of more than 67,000 poultry. Blue ear disease also affected more than a quarter of a million pigs.

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