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July 10, 2018
Chinese wood companies relocate to Vietnam to avoid US duties
Wood and wooden products manufacturers in China have been imposed 25% tariffs on all exports on the US market, as it was informed by the Office of the United States Trade Representative on the 15th of June 2018. According to Vietnam News, due to the impacts of trade with the US, several Chinese enterprises planned to invest in Vietnam’s timber industry to take advantage of cheap labour and preferential policies. At the end of 2016, Chinese enterprises snapped up materials from timber plantations in the Central Highlands and southeastern region of ...
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