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Newsletter: January 2006
China Cancelled Textile
Export Tariffs
China cancelled export tariffs on outbound
textile products as of year 2006, while maintaining its flexible import
tariff on cotton that falls outside the import quota.
The export tariff on textile products China
imposed in early 2005 was intended to safeguard the normal order of the
world's textile trade.
As China reached agreements with both the
European Union and the United States on quantitative limits on textile
exports to the two markets, it would constitute double curbs on Chinese
textile producers and exporters if the export tariffs were remained.
All export tariffs on textile products has been
cancelled from Jan. 1, 2006.
China's flexible tariff on cotton imports
outside import quotas were created to maintain the stability of cotton
prices in China, and the tariff rates would range from 5% to 40%. |