Import Policies Tariffs And Restrictions

Topics: International trade, Kenya, Saudi Arabia Pages: 7 (329 words) Published: March 30, 2015
Import Policies, Tariffs and Restrictions:
Kenya and Vietnam
Multinational Corporate Environment
Southern New Hampshire University
Alexis LeGrand
October 2014

Import Policies, Tariffs and Regulations:
Kenya
Capitol: Nairobi

Major Import Suppliers
$451 Million

Language: English/Swahili
Population: 45,010,056

24%

27%

Currency: Kenyan Shilling (KES)
GDP (PPP): $125.7 billion
Per Capita: $2,790
92nd Largest Supplier of good imports

India
UAE
Saudi Arabia
South Africa
Japan
China
Major Import Suppliers
$451 Million

7%
19%
10%
13%

Import Policies, Tariffs and Regulations:
Kenya
I. Affiliates – WTO, COMESA & EAC
II. Applied Tariffs – 12.5% (2011)
III. Tariff Bands
I. Zero duty for raw materials and inputs
II. 10% processed inputs
III. 25% finished products
IV. Import Declaration Form (IDF) – 2.75%
V. Explored China for Oil – Unsuccessful
VI. Require Permits/licensing

Imports

VII.Inconsistency in the implementation of the Supplies Management and Practitioners Act

Metals ☼ Plastics ☼ Transport & Machinery Equipment ☼
Petroleum ☼ Motor Vehicles

Major Import Suppliers
$451 Million

Capitol: Hanol
Language: Vietnamese

8%

China

15%
44%

Singapore
South Korea
Japan
Thailand

24%

Population: 92,477,857
Currency: đᵹng
GDP (PPP): $358.889 Billion
Per Capita: $4,001.28

9%

Import Policies, Tariffs and Regulations:
Vietnam

(DTA) and Trans-Pacific Partnership (TPP).
III. Prefer to do business with domestic producers.
IV. Permits and Licensing for some importing
V. Invest mostly in luxury goods.
VI. Three Tax Divisions
I. Preferential Tax
II. Special Preferential Tax
III. Normal Tax

Imports

Telephones
☼be
Hot
Rolled
Iron ☼ Light
VII.All
goods must
labeled
in Vietnamese

Rubberized Knit Fabric
☼ Refined Petroleum ☼ Integrated Circuits

Import Policies, Tariffs and Regulations:
Vietnam

Management Recommendations
Kenya

Vietnam

Company managers are working
on making Kenya one of the
prosperous countries by being
globally competitive. Explore
into other countries, making
wise investments to build more
international relationships.

Vietnamese management should
consider reevaluating the current
policies they have in place. Being a
country who has a preference for the
kind of business they like is good yet
expanding international relationships is
an idea to go with.

Questions or Comments
Import Policies, Tariffs and Restrictions:
Kenya and Vietnam

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