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The effort to boost spending continues: Ulrich noted that the country's vice minister of Commerce recently said China might slash duties on luxury goods, which could lure spending away from duty-free meccas like Hong Kong.
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Half of Latin America's luxury sales are in Mexico, in part because that country has slashed duties on imports.
And he wants India "as a much larger, elder brother" to take the lead in opening up, making Pakistanis feel safe, slashing duties on their goods and encouraging them to invest and trade in the bigger economy.
(Reuters) MIDDLE EAST LEBANON: BID TO REVIVE ECONOMY -- The new government of Prime Minister Rafiq Hariri decided to slash import duties in a bid to revive a flagging economy, Information Minister Ghazi Aridi said.
America sees the Doha talks as its final opportunity to get fast-growing emerging economies like China and India to slash their duties on imports of such goods, which have been reduced in previous rounds but remain much higher than those in the rich world.
As part of its agreement to the treaty, it agreed to gradually remove import quotas altogether and slash import duties to 25% by 2006.
Fueled by an American program that slashes duties on African clothing imports, more than 50 Taiwanese-owned clothing factories grew here, shipping $400 million of jeans, T-shirts and other apparel to American stores last year alone.
Etheridge has outlined a succession of eye-catching policies since announcing his candidacy, including a referendum on bringing back the death penalty, slashing beer duties to save British pubs and charging prisoners £40,000 a year.
Only recently has the Indian government slashed customs duties.
The European Commission is now looking into gambling regulation across the union.The betting companies naturally argue that the government's best hope of bringing gambling firms and revenues back to Britain is to slash the gaming duties.
The policy slashed excise duty for brewers making less than 60,000 hectolitres (10.56m pints) a year.
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