China Plans to Lower Import Taxes on Cosmetics, Formula Milk, Etc.
China's Ministry of Commerce reports that China is planning to cut import taxes on some products, including formula milk and cosmetics, as part of a series of reductions aimed at balancing international trade. In January, the ministry announced that it…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
will cut import duties for computers, digital video recorders and cameras by between 10 and 20 percent. The announcement comes just days after the Group of 20 meeting in Paris, at which China came under pressure to increase imports and lower its trade surplus as a means of reducing global trade imbalances.