HÀ NỘI — The imposition of temporary safeguard duties on DAP and MAP fertiliser imports into Việt Nam, which came into effect on August 19, is an effort to help protect the domestic fertiliser industry but might push up production costs for farmers. Therefore, the Government must ensure that farmers are not negatively affected by the tax imposition. Local fertiliser suppliers and producers should be asked to maintain or reduce selling prices and their compliance should be supervised. According to experts, the imposition of a temporary safeguard tax is only a band-aid, which is unable to solve problems faced by the local fertiliser industry and businesses. If they can do so, both producers and farmers will see the benefits.

Source: Viet Nam News August 21, 2017 02:03 UTC