China:Duty drawback rate on exports likely to be cut
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admin
PublishDate:
2006-06-29 16:26:00
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389
Chinese government is examining the duty drawback rate of export in some trade sectors, and is likely to reduce it by two percent. Undersecretary of China Commerce Ministry Liao Xiaoqi show it on June 22 when he present in first China Middle East Area Trade & Investment Exposition. He directs simutaneouly that specific policy has not been on recently.
The reduced rate would be related to the exports of light industry, textiles, metallurgy, steel and machinery, informed Government source.