Vietnam will reduce the import taxes on poultry's thighs, wings and livers from ASEAN members to 10 percent during 2009-2011 period and 5 percent in the next two years, local newspaper Investment reported Monday.

Under a recent decision of the Vietnamese Finance Ministry, the move is in line with the roadmap of the Common Effective Preferential Tariffs (CEPT) for the ASEAN Free Trade Area.

The decision also regulates that the tariff on processed food, drinks, tobaccos and tobacco alternatives from members of the Association of Southeast Asian Nations (ASEAN) will be lowered to 5 percent in 2013 from 50 percent in 2006.

At present, Vietnam imposes import tax rates of zero percent on live animals, 5 percent on meat from the ASEAN, including Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Laos, the Philippines, Singapore, Thailand and Vietnam.

Source: Xinhua