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New Export Tariff Adjustments Effective July 2025
The Ministry of Industry and Trade has announced revised export tariffs on select commodities to align with international trade commitments. Businesses exporting agricultural products and raw materials should review the updated tariff schedule to optimize cost management. -
Simplified Customs Procedures for Key Export Goods
Customs authorities have implemented streamlined clearance processes for electronics, textiles, and seafood exports. This aims to reduce paperwork and processing time, facilitating faster shipment turnaround. -
Enhanced Compliance Requirements for Sustainability
New regulations require exporters to provide documentation on environmental and social compliance, particularly for timber, seafood, and coffee products. Exporters must ensure traceability and certification to meet importing countries’ standards. -
Trade Facilitation Measures under Recent FTAs
Several Free Trade Agreements (FTAs) signed recently include provisions that simplify rules of origin verification and reduce non-tariff barriers. Exporters are encouraged to familiarize themselves with these changes to fully leverage preferential treatment. -
Export Licensing Updates
The government has updated licensing requirements for certain high-tech and chemical products. Exporters in these sectors should verify current licensing rules to avoid shipment delays.
