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Commodities Briefing - Categorized | Financial, Trading more

Commodities buzz: Chinese planned to keep import tariffs low in 2012

Posted on 23 December 2011

Chinese government said it would keep tariffs low next year for commodities in wide-ranging fields to boost domestic consumption offsetting the impact of falling external demand.
Ministry of Finance, the State Council’s tariff committee has finalized next year’s tariff scheme, lowering the duties for 730-odd imported commodities to an average of 4.4%, which more than halves the rate enjoyed by Most Favored Nation status under World Trade Organization rules………………………………………..Full Article: Source


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