Categories
· Agricultural
· Business (Tobacco)
· Cross-Border/Crime
non-USA, by Country
· Vietnam
· Cambodia
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Jump to full article: Phnom Penh Post (kh), 2010-09-03
Author: Nguon Sovan
Intro: VIETNAM will allow duty-free imports of Cambodian tobacco later this month, as part of agreement set to revive the industry and save it US$2.4 million a year.
The move comes after a three-year deal – that enabled Cambodia to send 3,000 tonnes of tobacco leaf to Vietnam duty-free each year – expired at the end of 2009, a senior commerce official said yesterday.
When that deal ended, distributors hit by duties of around US$800 per tonne had less demand for domestic crops – cutting the price of tobacco by around 50 percent, affecting the Kingdom’s farmers.
The new deal will renew duty-free quotas for 2010 and 2011, a move farmers and tobacco buyers alike have welcomed.
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