Sugar smuggling costs Vietnam over US$30,000 per day
Tuesday, May 13, 2008; Posted: 03:40 AM
May 13, 2008 (Asia In Focus via COMTEX) --
-- VND500 million (US$31,250) in import tax revenues per day due
to sugar smuggling, says Vietnam Sugar and Sugar Cane
Association general secretary Ha Huu Phai. According to
Ministry of Industry and Trade figures, sugar imported
unlawfully through the borders of Vietnam is estimated at
400-500 tonnes per day, of which about 200-300 tonnes passes
through the Tay Nam area and 60-70 tonnes per day through the
Lao Bao border area.
* Competition from smuggled product as well as rising raw
material prices have put domestic sugar producers in a pinch.
* Under WTO and ASEAN Free Trade Agreement (AFTA)
commitments, Vietnam imports 58 tonnes of refined sugar per day
with a 40-per-cent import duty, or 20-per-cent from ASEAN
member states.
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