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China to scrap import and export tariffs on some goods in 2019


China plans to remove import and export tariffs in 2019 on a range of goods, according to a statement released by the Ministry of Finance on Monday.

For exports, China will not levy any tariffs on 94 products next year including fertilisers, iron ore, slag, coal tar and wood pulp and it will also further cut most-favoured-nation tariffs on 298 information technology products from July 2019.

To support the “Belt and Road” initiative and free trade zones, China . . .

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