CHINA’S FINANCE MINISTRY: WILL ADJUST TRADE TARIFFS ON SOME GOODS FROM JANUARY 1

China will adjust import and export tariffs on some goods starting Jan. 1, China’s Ministry of Finance said in a statement Thursday, citing the Tariff Commission of the State Council. ADDITIONAL INFORMATION „China has decided to further reduce MFN duties on 62 different information technology products from July 1 next year. This move will reduce China’s total tariffs from 7. percent to 7.3 percent. „In order to accelerate and promote development and boost domestic demand. ..” „Export duties on aluminum and aluminum alloys will be increased.” „The current import rate will remain at seven coal until March 31 next year.” „Import duties on coffee machines and juicers will be established to comply. the requirements of buyers. will be further reduced.”

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