Observer Report
Beijing
China to lower import tariffs on more than 850 products as authorities battle a severe shortage of the meat staple, said the finance ministry.
The Tariff Commission of the State Council said in a statement that the changes will optimise “the trade structure and promote the high-quality development of the economy”.
Levies will also be lowered on other foods such as fish, cheese and nuts, pharmaceuticals, parts for manufacturing smartphones and a range of chemical products.
From July 1, China will also further reduce tariffs on some technology products, the finance ministry said in a statement on its website. Those goods include printers, audio recorder parts and pacemakers.
Tariffs on certain types of satellite TV receivers will fall from 10% to 5%, according to the ministry’s statement. Goods from countries including New Zealand, Peru, Costa Rica, Switzerland, Iceland, Australia, South Korea, and Pakistan will also be subject to even lower levies under re-negotiated trade agreements, according to the statement.
