Import tax hikes suggested to support local plastics business

Vietnam’s Ministry of Finance has knocked back a request from the Long Son Petrochemicals Complex, to increase import tariffs on several plastics products , The Investor is reporting.

Why it matters: If it had been approved this would have gone against Vietnam’s general policy of removing barriers to trade. That these ideas are still swirling around is also worth keeping an eye on–in other parts of the world they have gained traction to the detriment of economic growth.