Tariff cuts or exemption to products from 6 nations, HK, Macao
(Xinhua)
Updated: 2006-06-16 06:51
China said on Thursday it will lower the tariffs on about 2,800 categories of
products originating from the Philippines as of July 1 of this year, while
eliminating tariffs on those goods from the five least developed countries in
Africa, Asia and the South Pacific.
The arrangement with the Philippines was made in line with a related free
trade zone agreement between China and the Association of Southeast Asian
Nations, the Chinese Ministry of Finance said Thursday.
With the approval of the Chinese government, the Customs Tariff Commission of
the State Council, also decided to eliminate tariffs from next month on products
from Angola, Yemen, Maldive, Samoa and Vanuatu, which the ministry said are five
of the least developed countries.
The Chinese central government will also eliminate tariffs on a fourth batch
of products that originate from Macao and Hong Kong under an arrangement to
provide closer economic and trade ties between the Chinese mainland and the two
regions.
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