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China to levy low tariffs on 600+ commodities in 2010

Source:www.china daily.com.cn  Updated: 2009-12-15 15:59

BEIJING: China is to impose temporarily low import tariffs on more than 600 energy and resource-consuming commodities next year, in a bid to promote domestic economic restructuring and resource conservation, the Ministry of Finance (MOF) announced Tuesday.

The targeted commodities comprise resource commodities, including coal, granite, and phosphate ore; key components for optic communications; medical products, including plasma and vaccine; and some advanced production machines, the MOF said in the statement. It did not specify the duration and tariff rates.