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Busan ditches container tax
01 Jan 2007
Busan has scrapped an unpopular container tax, six years after it originally expired. Busan Metropolitan City imposed the $21.56/teu container tax in 1992 in order to fund road construction at the port.
That tax was set until 2001 by local government, but was extended to the end of last year despite opposition from port and shipping industries. The abolition of the tax will “contribute to strengthening Busan Port's competitiveness”, the port authority said in a statement.
