Chinese Welcome New Round of Tariff Cuts on Imports

Chinese residents have welcomed a new round of tariff cuts on imported products from Australia and South Korea.

The cuts came into effect on New Year’s Day, the second round of tariff reductions after the free trade agreements were enacted days earlier.

Under the new arrangement, import duties for Australian infant formula have been lowered to 9 percent, from the previous 12 percent.

Read Full at http://english.cri.cn/12394/2016/01/04/3781s911290.htm

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