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The Ministry of Finance
announced Thursday China will raise export tariff rates on 25 categories
of copper and copper-related products as of April 10.
The ministry said the Tariff
Committee of the State Council has decided to raise the provisional export
tariff on refined copper and copper alloy from 5 percent to 10 percent,
while the tariff rate on copper products from zero to 10 percent.
The move is designed to limit the
export of energy-intensive and heavily-polluting commodities, said the
ministry in a statement.
The move has been the latest
example of China's efforts to discourage exports of those commodities to
reduce pollution and ensure domestic supplies.
China abolished the export tax
rebate for secondary aluminum alloy and raised the export tariff rates
last year. |