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| China to cut coal, refined oil, alumina import tariffs to 0-3 pct from 3-6 pct |
| News Archive - Oil, Gas & Petrochemicals - oct news | |
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(Forbes, Oct 30, 2006) China will cut the import tariffs on coal, refined oil and alumina to 0-3 pct from 3-6 pct, and adjust the export tariff on coal, coke and crude oil to five pct, the Ministry of Finance said. According to a statement on the Ministry's website, the administration will cut import tariffs for 58 goods, with the tariff for textile machinery parts dropping to 0-3 pct from 1-7 pct. The administration also adjusted export tariffs on 110 products. The export tariff on 11 non-ferrous metal primary products, including nickel, copper and alumina was raised to five pct. The new rules will take effect on Nov 1. |
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