Displaying items by tag: Duty

US: The restoration of Anchorage Petroleum Cement Terminal in Alaska to fully functioning docking capabilities for oil well cement offloading operations after its ruin in an earthquake of 30 November 2018 will cost US$81m. At a special meeting on 23 October 2019, the port Commission voted to petition the Anchorage Assembly for a progressive tariff increase on all petroleum imports over 10 years to US$399/t from US$116/t.

The works are scheduled for completion by January 2021, with the possibility of a reduction in the rate of tariff increase subject to grants received from the state.

Azerbaijan: The State Statistics Committee says that the country produced more than 3.2Mt/yr of cement in the first nine months of 2018. The record figure is a rise of 21.2% year-on-year from the same period in 2017, according to the Turan Information Agency. The production growth has been attributed to protectionist policies by the local government including introducing tariffs on cement imports. These duties were started in 2016 and will run until 2020.