Import Policies Tariffs And Restrictions
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
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