MDB issues new scheme with revised collateral requirement after the Malta Chamber of SMEs highlights difficulties
23 September 2020
Following problems flagged by members on accessing the MDB loan scheme, the Malta Chamber of...
GRTU would like to inform you about a new Commission Regulation of 31 March 2011 on the level of Retaliation applied in the WTO dispute on the Byrd Amendment, for your information. The level of retaliation applicable from 1 May 2011 will decrease to USD 9.96 million from the level of USD 95.83 million which has been applied since 1 May 2010.
Therefore, 30 products (including paper items; textile products; clothes in cotton, silk, synthetic fibres; prefabricated buildings made of iron or steel) are no longer subject to additional 15 % customs duty while the following products continue to be subject to an additional 15% customs duty. These are: Sweet corn, uncooked or cooked by steaming or by boiling in water, frozen, Frames and mountings for spectacles, goggles or the like, of base metal and Crane lorries (excl. breakdown lorries). This is applied to imports of products originating in the United States of America
For your information, in 2009 and 2010, the total value of imports originating in US from the list of products that will continue to be subject to the 15% additional import duty totalled EUR 841, classifiable under CN code 90031930: Frames and mountings for spectacles, goggles or the like, of base metal.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).