Tariff Cut On Imports From Five Asian Countries?
October 8, 2009 by
Filed under China, India, Uncategorized
(China. org. cn, Aug 18, 2006) Tariffs on more than 1,700 kinds of imported products from India and four other Asian nations will be cut by China from September 1 as part of the tariff concession arrangement reached under the Asia-Pacific Trade Agreement, the Chinese Ministry of Finance said on Thursday.
Chinese exports to the five nations–India, the Republic of Korea, Laos, Sri Lanka and Bangladesh– will also enjoy tariff concessions, the Ministry said.
Items affected by the new arrangements include agricultural products, medicines, chemicals, textiles, metal items, mechanical and electrical goods, motor vehicles and spare parts.
The new arrangements, agreed during the third round of tariff concession negotiations among the six members of the Asia-Pacific Trade Agreement, will assist boost trade ties and regional cooperation, the Ministry said.
source:http://www. zoomchina. com. cn/index. php?/content/view/11380/81/
free trade is good; some things will cost a bit less in Asia next year.