{"id":47728,"date":"2021-01-05T13:24:11","date_gmt":"2021-01-05T05:24:11","guid":{"rendered":"http:\/\/www.interlubric.com\/?p=47728"},"modified":"2021-01-05T13:24:11","modified_gmt":"2021-01-05T05:24:11","slug":"cambodia-reduces-tariff-for-certain-lubricant-products","status":"publish","type":"post","link":"https:\/\/www.interlubric.com\/en\/cambodia-reduces-tariff-for-certain-lubricant-products.html","title":{"rendered":"Cambodia reduces tariff for certain lubricant products"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column width=&#8221;1\/6&#8243;][vc_column_text][\/vc_column_text][\/vc_column][vc_column width=&#8221;2\/3&#8243;][vc_single_image image=&#8221;47729&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][vc_column_text]Cambodia has announced that it is reducing tariffs on certain lubricant products effective January 1, 2021.[\/vc_column_text][vc_column_text]The special tariff rate on 16 tariff lines of \u201clubricants used in the textile, dishwasher and bicycle sectors\u201d will be reduced from 10% to zero, while eight tariff lines of \u201clubricants involved in production\u201d will see the rate reduced from 25% to zero, the Phnom Penh Post reported.[\/vc_column_text][vc_column_text]The government\u2019s decision to reduce customs tariff rates and special tariffs on selected imported goods and raw materials to boost investor sentiment out of the Covid-19 doldrums.[\/vc_column_text][vc_column_text]Customs duty on 13 tariff lines of raw materials for food and beverage production and solar systems will be reduced from 7% to zero, while 56 tariff lines of \u201cprocessing machines and tools used in various production chains\u201d will see customs duty rates reduced from 15% to zero. Also, 60 tariff lines of \u201cmajor commodities and processing machines used in various production chains\u201d will be reduced from 15% to 7%.[\/vc_column_text][vc_column_text]With a population of about 16.2 million people,\u00a0Cambodia has one of the fastest growing economies in Southeast Asia, with growth averaging 7.6% over the last decade.[\/vc_column_text][vc_column_text]source\uff1aF\uff06L[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/6&#8243;][vc_column_text][\/vc_column_text][\/vc_column][vc_column width=&#8221;2\/3&#8243;][vc_single_image image=&#8221;47729&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][vc_column_text]Cambodia has announced that it is reducing tariffs on certain lubricant products effective January 1, 2021.[\/vc_column_text][vc_column_text]The special tariff rate on 16 tariff lines of \u201clubricants used in the textile, dishwasher and bicycle sectors\u201d will be reduced from 10% to zero, while eight tariff lines of \u201clubricants involved in production\u201d will&hellip;<\/p>\n","protected":false},"author":5,"featured_media":46918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-47728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-trends","category-6","description-off"],"_links":{"self":[{"href":"https:\/\/www.interlubric.com\/en\/wp-json\/wp\/v2\/posts\/47728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.interlubric.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.interlubric.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.interlubric.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.interlubric.com\/en\/wp-json\/wp\/v2\/comments?post=47728"}],"version-history":[{"count":0,"href":"https:\/\/www.interlubric.com\/en\/wp-json\/wp\/v2\/posts\/47728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.interlubric.com\/en\/wp-json\/wp\/v2\/media\/46918"}],"wp:attachment":[{"href":"https:\/\/www.interlubric.com\/en\/wp-json\/wp\/v2\/media?parent=47728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.interlubric.com\/en\/wp-json\/wp\/v2\/categories?post=47728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.interlubric.com\/en\/wp-json\/wp\/v2\/tags?post=47728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}