China to cut import tariffs on soybean, other products from India ,Asia-Pacific nations-The Total Investment & Insurance Solutions

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26 June 2018

 

China (The Total Investment & Insurance Solutions)

China will cut import tariffs on goods from certain Asia-Pacific countries, starting from July 1, according to the State Council.

China will reduce the tariffs on soybean imported from India, South Korea, Bangladesh, Laos, and Sri Lanka from the current 3 percent to zero. Imported products such as chemicals, agricultural products, medical supplies, clothing, steel and aluminum products from these countries will also enjoy certain tariff reductions.

All imported products from the above five countries will adapt a tariff rate of the Second Amendment of The Asia-Pacific Trade Agreement, said the State Council.The Total Investment & Insurance Solutions