Vietnam sets quotas

Vietnam plans to restrict imports of ‘tobacco material’ from Eurasian Economic Union (EAEU) countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia), according to a story in The Global Times.

Vietnam’s Ministry of Industry and Trade said yesterday that it would apply import tariffs and quotas to tobacco material from EAEU member states in 2017, 2018 and 2019.

The quotas will be valid from March 14, 2017, to December 31, 2019.

Under the quotas, Vietnam will be able to import from EEU countries 500 tons of tobacco material in each of the next three years.