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Beijing to Scrap Tariffs for Poorest Nations – China Daily

Beijing will approve the preferential tariff treatments next year to least developed countries it has established diplomatic relations with


Ships at China port
South Korean and Chinese shipbuilders rank among the industry’s top players, but the industry is under pressure from the coronavirus and Russia’s invasion of Ukraine. Photo: Reuters.

 

China will grant zero tariff treatment to 98% of tariff items from least developed countries, according to an announcement of the State Council’s Customs Tariff Commission on Wednesday.

Beijing will approve the preferential tariff treatments next year to least developed countries that have established diplomatic relations and completed the exchange of letters with China, according a circular issued by the commission.

Read the full report: China Daily.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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