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China To Lower Tariffs On More Medical Imports

CHINA PRESS

China will lower import tariffs on more products in high demand, including medical equipment and raw materials for baby powder, the Ministry of Finance said on its website. China will implement zero tariffs on the second batch of cancer drugs, raw materials for rare disease drugs and food for children with special diseases, the statement said. Starting Jan. 1, China will implement temporary import tariffs, lower than the most-favored-nation tariffs, on 883 products, up from 859 products taxed at temporary rates in 2020, according to the statement.

MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com

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