The Vietnam Rubber Association recommends the abolition of the rubber export tax

The Vietnam Rubber Association (VRA) to submit to the Ministry of Finance proposal to abolish the export tax of natural latex and rubber compound. VRA, said from the levy of export tax of 3% from December 8 last year, natural latex and rubber compound production cost of doing business increases, it is difficult to compete with foreign rubber companies, resulting in the export of domestic enterprises to stop production of these two kinds of rubber, affecting rubber diverse of many types of strategy. It is understood that in 2011, more rubber export prices remain high, the price peaked at $ 6,000 / ton, the export tax rate of 3% are still profits to be made, while the rubber price is only U.S. $ 2700-2800 / t, 3% levy export tariffs, companies have no profit.

Source: National oil and chemical networks

Translated by Google Translator from http://news.cria.org.cn/5/9783.html