Kyrgyzstan plans to cancel the 5% customs duty on imports of certain types of palm oil
In Kyrgyzstan the Ministry of Economy proposed to cancel the 5% customs duty on the imports of certain types of palm oil, making the appropriate amendments to the law "About the customs tariff of the Kyrgyz Republic".
According to Oleg Pankratov, Deputy Minister of Economy, the draft law offers to cancel the existing 5% customs duty on the imports of certain types of palm oil, including the technical type on 5-commodity subheadings, which are not produced in the country.
Cancellation of the current rates of customs duties is caused by the fact that to date the Government reached the agreement with Malaysia to establish the distribution center in Kyrgyzstan. Malaysia will deliver all types of palm oil to Kyrgyzstan, and then re-export the product, but in the pre-packaged form, to the countries of Central Asia, said the Deputy Minister.
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