Vietnam has lowered Most-Favored-Nation tariff rates on ethanol from 15 percent to 10 percent, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network. 

The Government of Vietnam issued a decree on May 31 announcing the change. The new rate became effective on July 15, according to the report. 

MFN tariff rates will to all of Vietnam’s trading partners with whom the country has no preferential agreements in place. The report indicates that MNF tariff rates apply to the U.S. 

According to data published by the USDA FAS, the U.S. exported approximately 2.38 million gallons to Vietnam last year, compared to 6,325 gallons in 2021 and 2.72 million gallons in 2020. 

Read the original story here.