Import duty for steel and cement to be scrapped
作者：1 发布时间：2010-05-10 文字大小：【大】【中】【小】
The GCC Secretary-General has confirmed that tariffs on steel and cement imports into the GCC countries will be abolished within one to two months.
At a meeting of finance ministers on Saturday, Mr Abdul Rahman Al-Attiyah told reporters that the 5% import duty imposed by the GCC customs union would be scrapped as part a wider plan to ease economic integration in the region.
“There is consensus among GCC countries about this proposal. It will be approved without any problem but it will probably take a month or two for it to be implemented," Al-Attiyah told Reuters before the start of the meeting.
Sourced from www.constructionweekonline.com
