3:24:05 PM | 22/7/2008
Vietnamese cashew nuts exported by the Vietnam Cashew Nut Association (Vinacas)&rsquos members will be imposed tax from this September, the Vietnam Trade Information Center said.
The US$1 tax on a ton of cashew nut export will be collected by the General Custom Department and then sent to the Vinacas&rsquos fund, which will be used for establishment of the Global Cashew Alliance (GCA), and trade promotion at both foreign and domestic markets.
In April this year, Prime Minister Nguyen Tan Dung agreed to deduct US$350,000 from stage budget to the establishment of the GCA, which was jointly initiated by the Vinacas, the Cashew Export Promotion Council of India (CEPCI), and Brazil Cashew Association (SINDICAJU).
The three organs are expected to sign legal document on the establishment late this year.
Vietnam exports around 150,000 tons of cashew nuts annually, with majority by Vinacas&rsquos members. (Vinanet)
Vietnamese
