Saturday, December 26, 2020

China extends tariff exemptions

China’s finance ministry said on Friday it will extend tariff exemptions for imports of six products from the United States including white oil and foodgrade petroleum wax, for another year. The extension, effective on December 26, will last through December 25, 2021, the ministry said. China announced tariff exemptions on the six chemical and oil products from the US in December last year, shortly after the two countries announced a phase-1 trade deal. 

from Business News and Updates from the World of Commerce- eTribune https://ift.tt/2KRjDeO

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