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Vietnam lowers U.S. tariffs on pork, corn, wheat

The tariff reductions will give U.S. corn, wheat and pork producers greater access to the Vietnamese market.

18 November 2021
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On November 15, 2021, the government of Vietnam issued a decree, revising its most-favored nation (MFN) tariff rates for corn, wheat, and frozen pork. The decree eliminates the MFN tariff on all classes of wheat, lowers the duty on corn from 5% to 2%, and lowers the duty on frozen pork from 15% to 10%.

The tariff reductions for wheat and corn will enter into force when the decree takes effect on December 30, 2021, while the reduction for frozen pork will enter into force on July 1, 2022.

The tariff reductions will give U.S. corn, wheat and pork producers greater access to the Vietnamese market. U.S. exports of corn, wheat, and pork to Vietnam were valued at $228 million in 2020.

November 16, 2021/ USDA/ United States.
https://www.fas.usda.gov

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