China will reduce import tariffs on ethane and some recycled copper and aluminum raw materials from next year, the government said on Saturday.
The Ministry of Finance announced adjustments to several categories of import tariffs, starting January 1, with the aim of increasing imports of high-quality products, expanding domestic demand and promoting high-level opening-up, it said in a statement .
Provisional import tariffs below most-favored nation rates will be applied to 935 items, the ministry said. Import tariffs will be reduced for ethane and some recycled copper and aluminum feedstocks to promote green and low-carbon development.
Tariffs will increase for commodities such as molasses and pre-mixed powders containing sugar, but will be reduced for items such as cyclic olefin polymers, ethylene-vinyl alcohol copolymers and automatic transmissions for special purpose vehicles such as fire trucks and repair vehicles.
Import tariffs will also be reduced on items such as sodium zirconium cyclosilicate, viral vectors for CAR-T tumor therapy and nickel-titanium alloy wires for surgical implants.
The China-Maldives Free Trade Agreement will come into force on January 1, with the implementation of tariff reductions, the ministry said.
