“China will lower import tariffs on ethane and some recycled copper and aluminum from 2025.”, — write: epravda.com.ua
China will lower import tariffs on ethane and some recycled copper and aluminum from 2025. This is reported by Reuters. China’s Ministry of Finance announced the adjustment of various categories of import tariffs from January 1, 2025, aimed at increasing imports of high-quality products, expanding domestic demand and promoting openness at a high level, according to its statement, as reported by Reuters. Temporary import tariffs, lower than most-favored-nation rates, will be applied to 935 commodity items, the ministry said. Tariffs will be reduced on imports of ethane and certain recycled copper and aluminum feedstocks to promote green and low-carbon development.Advertisement: Tariffs will increase on products such as molasses and sugar-containing premixed powders, but will be reduced on products such as cyclic olefin polymers, copolymers ethylene vinyl alcohol and automatic transmissions for special purpose vehicles such as fire engines and repair cars Import tariffs will also be reduced on products such as sodium zirconium cyclosilicate, viral vectors for CAR-T tumor therapy and nickel-titanium alloy wire for surgical implants. The free trade agreement between China and the Maldives will enter into force on January 1, after which tariff reductions will be implemented, the ministry reports.