China posts import tariff quotas
(Xinhua)
Updated: 2006-09-27 09:57
China is to maintain this year's import tariff quotas for wheat, corn, rice
and cotton on imports next year, the National Development and Reform Commission
(NDRC) said here on Tuesday.
The NDRC has allocated import tariff quotas
of 9.64 million tons for wheat, 7.2 million tons for corn, 5.32 million tons for
rice and 894,000 tons for cotton.
State-owned companies will be granted
90 percent of the wheat quotas, 60 percent of corn quotas, half of the rice
permits and a third of those for cotton, the planning agency said.
Companies that plan to import these products through general trade,
processing trade, barter trade, small-scale border trade and economic aid must
apply for import tariff quotas, it said.
The commission will announce
the allocation before January 1 next year. (For more biz stories, please visit Industry Updates)
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