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BEIJING (MNI) - China will reduce Most Favourite Nations tariff rates next
year temporarily on over 850 products to optimize trade and promote economic
growth, according to a statement on the Ministry of Finance website on Monday.
Products that will have tariffs cut include frozen pork, frozen avocados,
and non-frozen orange juice and other consumer goods with domestic shortages,
the ministry said.
China will also reduce tariffs on specified high-tech products include
semiconductors, the ministry said
Lowering the tariffs will benefit trading partners including New Zealand,
Peru, Singapore and Australia, the ministry said.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: firstname.lastname@example.org
--MNI Beijing Bureau; +86 10 8532 5998; email: email@example.com