Taxonomy: Sector Affected - 14
Metal ores
India: Tariff concessions for imports from enumerated LDCs
Description
On 13 August 2008, the government initiated a scheme granting tariff concessions to enumerated least developed countries (LDCs). The list of beneficiaries from the Indian programme has repeatedly been extended since.
Vietnam: Fifth devaluation of the Dong
Description
On 17 August 2010, the State Bank of Vietnam has devalued the national currency, the Dong, for the fifth time since 2008.
Argentina: Subsidies package for the development of industrial clusters
Description
On 9 June 2010, the Argentine President announced a subsidies package aimed at boosting development of industrial clusters in the country.
India: Raises Export Duty on Iron-ore
Description
On 29 April 2010, India raised the export duty from 10 per cent to 15 per cent on Iron Ores and Concentrates. This was announced by the finance minister in his reply to the debate on the Finance Bill 2010-11.
China: Import ban on low-grade iron ore
Description
On 8 April 2010, the China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters (CCCMC) has banned Chinese trading houses from importing low-quality iron (below 60% Fe).
The Custom Union of Russia, Belarus and Kazakhstan
Description
The Customs Union (hereinafter – CU) was established between Belarus, Kazakhstan and Russia on the basis of the Eurasian economic community (EurAsEC) and is based on a system of treaties between or with participation of CU member
Venezuela: Devaluation of the Bolivar
Description
On 8 January 2010, the Venezuelan government announced the devaluation of the Bolivar. Instead of the existing fixed exchange rate at 2.15 Bs/US Dollar, the government now operates a two-tier system.
Kazakhstan: Local content in subsoil sector
Description
Kazakhstan introduced a local content requirement into the terms of subsoil use contracts.
Brazil: temporary tariff reduction for palm kernel other than crude, refined copper foil and other electrodes of carbon
Description
On April 29th, 2010, the Brazilian government announced temporary tariff reduction on the ad-valorem import duty from 10% to 2% for palm kernel other than crude and from 12% to 2% for refined copper foil and other electrodes of carb
Ghana: Reduction in mining royalty rate to 5%
Description
The government of Ghana has reduced the mining royalty rate to 5% eventhough it had earlier on in the 2010 budget statement proposed an increase in the rate ranging from 3% to 6%.
