Doing Business in Hungary 2010 - International Franchise Association
Doing Business in Hungary 2010 - International Franchise Association
Doing Business in Hungary 2010 - International Franchise Association
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Return to table of contents<br />
Chapter 5: Trade Regulations and Standards<br />
• Import Tariffs<br />
• Trade Barriers<br />
• Import Requirements and Documentation<br />
• U.S. Export Controls<br />
• Temporary Entry<br />
• Label<strong>in</strong>g and Mark<strong>in</strong>g Requirements<br />
• Prohibited and Restricted Imports<br />
• Customs Regulations and Contact Information<br />
• Standards<br />
• Trade Agreements<br />
• Web Resources<br />
Import Tariffs Return to top<br />
With <strong>Hungary</strong>’s accession to the European Union on May 1 2004, <strong>Hungary</strong> adopted the EU’s<br />
common external tariff (CXT) rates, result<strong>in</strong>g <strong>in</strong> an average tariff level of 3 percent. Tariff<br />
assessment and all other customs procedures take place at the first port of entry <strong>in</strong>to the EU.<br />
However, <strong>Hungary</strong> still collects the Value Added Tax (VAT) on all goods with <strong>Hungary</strong> as a f<strong>in</strong>al<br />
dest<strong>in</strong>ation. As of July 1, 2009, the VAT <strong>in</strong>creased from 20 to 25 percent. In addition to the 25<br />
percent VAT, a new 18 percent VAT category was <strong>in</strong>troduced for certa<strong>in</strong> products such as dairy<br />
products, goods produced from gra<strong>in</strong>, starch, flour and milk. The new 18 percent VAT is also<br />
levied on central heat<strong>in</strong>g services.<br />
From an agricultural standpo<strong>in</strong>t, the trade impact of <strong>Hungary</strong>’s EU membership <strong>in</strong> 2004 resulted<br />
<strong>in</strong> decreased tariffs for most U.S. exports, <strong>in</strong>clud<strong>in</strong>g animal genetics, corn seed, dry beans,<br />
grapefruit, dried fruits and nuts, peanuts, and tobacco. However, tariff <strong>in</strong>creases hurt certa<strong>in</strong><br />
agricultural products like rice, and some k<strong>in</strong>ds of fresh meat. Non-tariff barriers result<strong>in</strong>g from<br />
the adoption of EU sanitary regulations have been detrimental to U.S. exports.<br />
Trade Barriers Return to top<br />
For <strong>in</strong>formation on exist<strong>in</strong>g EU trade barriers, please see the National Trade Estimate Report on<br />
Foreign Trade Barriers, published by the U.S. Trade Representative, (USTR) available through<br />
the follow<strong>in</strong>g website:<br />
http://www.ustr.gov/sites/default/files/uploads/reports/2009/NTE/asset_upload_file348_15473.pdf<br />
Information on agricultural trade barriers can be found at the follow<strong>in</strong>g website:<br />
http://useu.usmission.gov/Dossiers/Trade/default.asp<br />
http://www.fas.usda.gov/posthome/useu/<br />
To report exist<strong>in</strong>g or new trade barriers and get assistance <strong>in</strong> remov<strong>in</strong>g them, contact either the<br />
Trade Compliance Center at http://www.trade.gov/tcc or the U.S. Mission to the European Union<br />
at http://www.buyusa.gov/europeanunion.<br />
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