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Trade: China imposes tariffs on exported products

(Xinhuanet)
Updated: 2006-10-30 15:31

China has decided to impose temporary tariffs on 110 exported goods and cut tariffs on 58 imported goods beginning Nov. 1, in a bid to curb its soaring trade surplus, the Ministry of Finance said Friday.

The export of various types of minerals -- such as apatite and rare earth minerals -- will carry a tariff of 10 percent. The export of energy products such as coal, charcoal and crude oil will carry a tariff of five percent.

A 15 percent tariff will be imposed on the export of copper, nickel and nine other metallurgical products.

(For more biz stories, please visit Industry Updates)

 
 

   
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