Cambodia has extended tax incentives for rubber exports for another two years, starting January 1, 2024. This decision, outlined in a government sub-decree endorsed by Prime Minister Hun Manet on November 23, aims to bolster the domestic rubber industry by encouraging cultivation and supporting exporters grappling with declining prices attributed to global headwinds.
What is covered in the Full Insight:
Introduction
Tax Incentives for Rubber Exports
Tire Production and Local Consumption
Export Performance and Challenges
Government Support and Sustainability Initiatives
SUMMARY
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