Taxonomy: Tariff Line Affected - 2712
Petroleum Jelly, Mineral Waxes & Similar Products
Tunisia: Reduction of import duties on certain raw materials, equipment and other products
Description
On 21 December 2009, Tunisia issued the finance law 2010 (Loi no 2009-71) that introduces reductions of import duties on certain raw materials, equipment and other products.
The law entered into force as from 1 January 2010.
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
Kazakhstan: Increase of the oil products export tariff
Description
The Kazakhstan government has decided to raise the oil products export tariff.
Canada: Elimination of import tariffs on all manufacturing inputs, machinery and equipment
Description
As an accompanying measure to its 2010 budget, the Canadian government announced on 9 March 2010 that it intends to eliminate all remaining tariffs on manufacturing inputs and machinery and equipment in the near future.
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.
Indonesia: Likely not to renew existing liquefied natural gas (LNG) contracts in the future
Description
On 18 February 2010, Industry Minister M.S. Hidayat said on the sideline of an Industry Ministry coordination meeting that the government may no longer extend existing LNG contracts in the future in order to meet the surge in domestic demand.
Ethiopia: Repeated deliberate devaluation of the Birr
Description
According to numerous and consistent press reports, the National Bank of Ethiopia has repeatedly intervened to devalue its national currency since the end of 2008.
Nigeria: Deliberate devaluation of the Naira
Description
According to numerous and consistent press reports, the Central Bank of Nigeria has deliberately devalued the local currency at the end of 2008.
Russia: Introduction of oil export duties on its Customs Union partner-Belarus
Description
In line with a teletypogram sent by the First Deputy Director of the Federal Customs Service of Russia heads of regional customs administrations and the head of the central energy customs house are instructed to use customs duties on crude oil and
Indonesia: Domestic market obligation (DMO) for mineral and coal producers
Description
The Ministry of Energy and Mineral Resources issued a new regulation (No. 34 of 2009), effective 31 December 2009, on prioritising mineral and coal resources for domestic usage.
