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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