China to reduce import tariffs on certain products

Friday, 16 December 2011 17:58:52 (GMT+3)   |  
       

According to China's Ministry of Finance, the Chinese government has decided to adjust the import tariff rates for certain products effective from January 1, 2012.
 
In particular, China will reduce the import tariff rate for over 730 goods to an average level of 4.4 percent in 2012. The adjustment covers five categories of merchandise as follows: energy and resources; core equipment and parts for strategic emerging industries; agriculture appliances and fertilizers; daily necessities; and health care-related commodities. Coal, coke, petroleum, rare earth, copper, nickel and aluminium are all included in the list of products subject to import tariff rate adjustment.

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