China will adjust its import and export duties on certain products starting from January 1, 2015 amid a broader effort to guide industrial upgrading and consumption of resources, the Ministry of Finance (MOF) said in a statement on Dec 16,2015.
China will keep import tariffs for fuel oil and diesel unchanged at 1 per cent for 2015, and that for jet fuel andnaphtha at zero, the Ministry of Finance said on Dec 16th 2014.
China will slash export tariffs for coal from Jan. 1,2015 and adjust those for a range of other commodities as part of broader efforts to re-order trade and foster economic growth.
China will establish a comprehensive system to monitor foreign companies' profitability to curb cross-border tax evasion, the State Administration of Taxation said.
Australian coking coal producers have regained their competitive advantage after a Free Trade Agreement inked between China and Australia in Brisbane on the afternoon of Nov 17th saw the immediate removal of the 3% duty on coking coal imports.
China will officially drop the 8% duty on Australian alumina imports, which has not been applied in recent years in any case, under the landmark Free Trade Agreement between the two countries announced Monday.
Ministry of Commerce of China released export quotas on a clutch of primary products and industrial metals in 2015. Most of the industrial products such as tin, antimony, indium and silver were still keeping the export quota policy except for tungsten and moly...